3,569 Shares in Dover Corporation $DOV Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Dover Corporation (NYSE:DOV) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,569 shares of the industrial products company’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Callan Family Office LLC bought a new position in shares of Dover in the second quarter valued at approximately $702,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after purchasing an additional 7,396 shares in the last quarter. Leeward Investments LLC MA raised its holdings in Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after acquiring an additional 10,377 shares during the period. Independent Financial Group LLC bought a new position in Dover in the 1st quarter worth about $1,367,000. Finally, Tredje AP fonden grew its stake in Dover by 5.4% during the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock valued at $33,590,000 after acquiring an additional 8,774 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Trading Up 1.3%

DOV stock opened at $204.78 on Thursday. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $211.61 and its two-hundred day simple moving average is $215.40. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

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

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is presently 25.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOV. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research restated an “outperform” rating and set a $262.00 price target on shares of Dover in a report on Thursday, July 9th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Finally, Robert W. Baird set a $270.00 target price on Dover in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Dover 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.