Sapient Capital LLC Acquires New Shares in Dover Corporation $DOV

Sapient Capital LLC bought a new position in shares of Dover Corporation (NYSE:DOV) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,577 shares of the industrial products company’s stock, valued at approximately $537,000.

Several other institutional investors also recently modified their holdings of DOV. Meeder Asset Management Inc. grew its holdings in 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 period. Reflection Asset Management bought a new position in shares of Dover during the fourth quarter worth $26,000. MV Capital Management Inc. acquired a new position in shares of Dover in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in Dover during the 1st quarter worth $31,000. Finally, Leonteq Securities AG bought a new position in Dover during the fourth quarter worth about $34,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DOV shares. Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Morgan Stanley lifted their price target 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. Robert W. Baird set a $270.00 price target on shares of Dover in a report on Friday, July 24th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 price objective on shares of Dover in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Stock Up 2.2%

Shares of DOV stock opened at $210.26 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm’s fifty day moving average price is $214.68 and its two-hundred day moving average price is $215.60. The firm has a market capitalization of $28.32 billion, a P/E ratio of 25.33, a PEG ratio of 1.57 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts predict that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.06%.

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.