Dover Corporation $DOV Shares Purchased by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management increased its position in shares of Dover Corporation (NYSE:DOV) by 50.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,321 shares of the industrial products company’s stock after purchasing an additional 3,480 shares during the period. Hanson & Doremus Investment Management’s holdings in Dover were worth $1,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. True North Advisors LLC grew its position in shares of Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after buying an additional 45 shares in the last quarter. Nilsine Partners LLC raised its position in Dover by 2.7% during the 2nd quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company’s stock worth $441,000 after buying an additional 52 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Dover by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock valued at $975,000 after buying an additional 58 shares during the period. Root Financial Partners LLC increased its holdings in shares of Dover by 22.4% in the 1st quarter. Root Financial Partners LLC now owns 350 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 64 shares in the last quarter. Finally, Patten Group Inc. boosted its position in Dover by 1.4% during the first quarter. Patten Group Inc. now owns 5,070 shares of the industrial products company’s stock worth $1,057,000 after purchasing an additional 70 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of analyst reports. Wolfe Research reissued an “outperform” rating and issued a $262.00 price target on shares of Dover in a report on Thursday, July 9th. Mizuho cut their target price on Dover from $270.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday. Robert W. Baird set a $270.00 price objective on shares of Dover in a research note on Friday, July 24th. Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada cut their target price on Dover from $227.00 to $216.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $237.93.

Dover Stock Up 0.9%

DOV stock opened at $195.80 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $194.46 and its two-hundred day moving average is $207.85. Dover Corporation has a 52 week low of $164.73 and a 52 week high of $237.54. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13.

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

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.5250 per share. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Dover’s dividend payout ratio (DPR) is currently 25.30%.

Dover Company Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.