Callan Family Office LLC Makes New $702,000 Investment in Dover Corporation $DOV

Callan Family Office LLC acquired a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,129 shares of the industrial products company’s stock, valued at approximately $702,000.

A number of other hedge funds have also recently bought and sold shares of DOV. C M Bidwell & Associates Ltd. purchased a new stake in Dover in the 2nd quarter worth approximately $183,000. Keebeck Wealth Management purchased a new stake in shares of Dover in the second quarter valued at $661,000. Keating Financial Advisory Services Inc. acquired a new position in Dover in the second quarter valued at $34,000. Allworth Financial LP acquired a new position in Dover in the second quarter valued at $893,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in Dover during the second quarter worth about $1,987,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the subject of several recent analyst reports. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Seaport Research Partners raised their target price 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 downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley increased their price target on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Ten equities research 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, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Stock Performance

NYSE:DOV opened at $202.25 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.55 and a beta of 1.16. The firm’s fifty day simple moving average is $211.92 and its 200 day simple moving average is $215.49. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share 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 firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the company earned $2.44 EPS. The firm’s 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 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.525 dividend. 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. The ex-dividend date is Monday, August 31st. Dover’s payout ratio is 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.