Patrick Mauro Investment Advisor INC. Acquires Shares of 5,706 Dover Corporation $DOV

Patrick Mauro Investment Advisor INC. bought a new stake in shares of Dover Corporation (NYSE:DOV) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 5,706 shares of the industrial products company’s stock, valued at approximately $1,280,000.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares during the period. Reflection Asset Management acquired a new stake in shares of Dover in the 4th quarter valued at approximately $26,000. MV Capital Management Inc. bought a new position in Dover during the 4th quarter worth approximately $29,000. Clearstead Trust LLC bought a new stake in shares of Dover in the 2nd quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in shares of Dover in the first quarter worth about $31,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOV has been the topic of a number of research reports. Oppenheimer lifted their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada dropped their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. BMO Capital Markets raised shares of 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Stock Down 0.4%

Shares of DOV stock opened at $202.29 on Thursday. The firm’s fifty day moving average price is $213.36 and its two-hundred day moving average price is $215.72. 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 has a market capitalization of $27.24 billion, a P/E ratio of 24.37, a PEG ratio of 1.54 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business posted $2.44 EPS. The company’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. On average, equities analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal 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 dividend of $0.525 per share. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Dover’s previous quarterly dividend of $0.52. 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.