2,665 Shares in Dover Corporation $DOV Purchased by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC invested approximately $488,000 in Dover Corporation, acquiring 2,665 shares, indicating growing institutional interest in the company.
• Analysts have raised their price targets for Dover, with Citigroup setting the highest at $226.00, reflecting a generally positive outlook on the stock.
• Dover reported a quarterly earnings per share of $2.44, exceeding estimates, along with a year-over-year revenue increase of 5.2%, showcasing strong financial performance.

Sivia Capital Partners LLC bought a new stake in Dover Corporation (NYSE:DOV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,665 shares of the industrial products company's stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also modified their holdings of DOV. North Capital Inc. acquired a new stake in shares of Dover in the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dover in the first quarter worth $31,000. Truvestments Capital LLC lifted its stake in shares of Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock worth $33,000 after buying an additional 171 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Dover in the first quarter worth $35,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Dover in the first quarter worth $35,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

Dover stock traded up $1.32 on Thursday, hitting $172.77. The company's stock had a trading volume of 831,383 shares, compared to its average volume of 822,640. The company has a fifty day moving average price of $180.02 and a 200-day moving average price of $177.63. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. Dover Corporation has a one year low of $143.04 and a one year high of $222.31. The firm has a market cap of $23.69 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.27.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, equities analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is currently 12.55%.

Analysts Set New Price Targets

DOV has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Citigroup reaffirmed a "buy" rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Barclays boosted their target price on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and an average target price of $213.92.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.