Trust Co. of Vermont Makes New $1.09 Million Investment in Dover Corporation $DOV

Trust Co. of Vermont bought a new position in Dover Corporation (NYSE:DOV) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,857 shares of the industrial products company’s stock, valued at approximately $1,089,000.

A number of other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after buying an additional 7,396 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after acquiring an additional 10,377 shares during the last quarter. Independent Financial Group LLC acquired a new position in Dover in the first quarter valued at approximately $1,367,000. Tredje AP fonden boosted its stake in Dover by 5.4% in 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 during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dover by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 315,504 shares of the industrial products company’s stock valued at $61,760,000 after purchasing an additional 15,361 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Down 1.6%

Dover stock opened at $203.23 on Wednesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a market capitalization of $27.37 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The firm has a 50 day simple moving average of $213.60 and a 200-day simple moving average of $215.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company posted $2.44 EPS. The firm’s quarterly 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, equities research analysts expect that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

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

Wall Street Analyst Weigh In

DOV has been the topic of several recent research reports. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays raised their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Oppenheimer boosted their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Robert W. Baird set a $270.00 price target on shares of Dover in a research report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

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.