Group One Trading LLC Buys Shares of 5,097 Dover Corporation $DOV

Group One Trading LLC purchased a new stake in Dover Corporation (NYSE:DOV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,097 shares of the industrial products company’s stock, valued at approximately $1,143,000.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings 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 purchasing an additional 89 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Dover during the 4th quarter worth about $26,000. MV Capital Management Inc. bought a new stake in shares of Dover in the 4th quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in shares of Dover in the 2nd quarter valued at approximately $30,000. Finally, Financial Life Planners bought a new position in Dover during the 1st quarter worth approximately $31,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DOV shares. Wolfe Research restated an “outperform” rating and set a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada dropped their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research note on Friday, July 24th. Finally, Robert W. Baird set a $270.00 target price on Dover in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Trading Up 0.8%

DOV opened at $203.63 on Tuesday. The stock has a market capitalization of $27.43 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.53 and a beta of 1.16. 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 12 month low of $158.97 and a 12 month high of $237.54. The firm’s fifty day simple moving average is $212.33 and its 200 day simple moving average is $215.61.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts anticipate 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 given a $0.525 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 25.06%.

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.