Waddell & Associates LLC Buys Shares of 3,008 Dover Corporation $DOV

Waddell & Associates LLC bought a new stake in shares of Dover Corporation (NYSE:DOV) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,008 shares of the industrial products company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Dover during the 3rd quarter valued at $25,000. Tompkins Financial Corp raised its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Dover during the 4th quarter valued at $34,000. Torren Management LLC bought a new stake in shares of Dover during the 4th quarter valued at $45,000. Finally, N.E.W. Advisory Services LLC raised its position in shares of Dover by 36.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DOV shares. Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Robert W. Baird upped their price objective on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets upped their price objective on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $238.79.

Dover Price Performance

DOV opened at $220.69 on Wednesday. The company has a fifty day simple moving average of $215.40 and a 200 day simple moving average of $209.98. The stock has a market cap of $29.72 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.65 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts expect that Dover Corporation will post 10.64 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio is 25.94%.

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.