Keebeck Wealth Management Makes New $661,000 Investment in Dover Corporation $DOV

Keebeck Wealth Management bought a new stake in shares of Dover Corporation (NYSE:DOV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,946 shares of the industrial products company’s stock, valued at approximately $661,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in shares of Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management purchased a new stake in Dover in the fourth quarter worth approximately $26,000. MV Capital Management Inc. purchased a new stake in Dover in the fourth quarter worth approximately $29,000. Clearstead Trust LLC bought a new stake in Dover in the 2nd quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new stake in Dover during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price target on shares of Dover in a research note on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Dover in a research report on Friday, April 24th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $255.00 to $240.00 in a report on Friday, July 24th. Seaport Research Partners raised their target price on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Wolfe Research restated an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Trading Up 1.0%

Shares of DOV stock opened at $201.96 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a fifty day moving average price of $212.68 and a 200-day moving average price of $215.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a market cap of $27.20 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 1.52 and a beta of 1.16.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.Dover’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts predict that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. Dover’s dividend payout ratio is 25.30%.

Dover Company Profile

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.