United Capital Financial Advisors LLC Makes New $5.16 Million Investment in Dover Corporation $DOV

United Capital Financial Advisors LLC bought a new position in shares of Dover Corporation (NYSE:DOV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,986 shares of the industrial products company's stock, valued at approximately $5,155,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Dover during the 2nd quarter worth about $2,347,134,000. State Street Corp grew its holdings in shares of Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company's stock valued at $1,319,978,000 after acquiring an additional 227,436 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company's stock valued at $684,348,000 after acquiring an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company's stock worth $631,806,000 after acquiring an additional 150,319 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Dover during the second quarter worth about $625,375,000. Institutional investors own 84.46% of the company's stock.

Dover Stock Performance

NYSE DOV opened at $198.54 on Friday. The stock has a market cap of $26.74 billion, a PE ratio of 23.92, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The firm has a 50-day moving average of $210.67 and a 200-day moving average of $215.13. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. Dover's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts anticipate that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is 25.06%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wolfe Research reissued an "outperform" rating and issued a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Weiss Ratings raised shares of Dover from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th. Robert W. Baird set a $270.00 price target on shares of Dover in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a research note on Friday, July 24th. Finally, Morgan Stanley raised their target price on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $238.29.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover's activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.

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