Wealthfront Advisers LLC Grows Stock Position in Dover Corporation $DOV

Wealthfront Advisers LLC increased its stake in Dover Corporation (NYSE:DOV) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,840 shares of the industrial products company’s stock after acquiring an additional 2,377 shares during the period. Wealthfront Advisers LLC’s holdings in Dover were worth $6,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Dover by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after purchasing an additional 120,341 shares in the last quarter. State Street Corp lifted its holdings in Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock worth $1,319,978,000 after buying an additional 227,436 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after purchasing an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dover by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock valued at $631,806,000 after buying an additional 150,319 shares during the last quarter. Finally, Nuveen LLC boosted its stake in Dover by 9.9% during the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock valued at $512,169,000 after acquiring an additional 235,454 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 1.6%

NYSE DOV opened at $214.04 on Friday. The stock has a market cap of $28.82 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.63 and a beta of 1.16. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm’s 50 day moving average price is $216.30 and its two-hundred day moving average price is $215.05.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of research analyst reports. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Finally, Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.43.

Dover 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.