Stack Financial Management Inc Buys New Holdings in Dover Corporation $DOV

Stack Financial Management Inc bought a new position in Dover Corporation (NYSE:DOV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 76,938 shares of the industrial products company’s stock, valued at approximately $17,256,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Dover by 174.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after buying an additional 1,830,722 shares during the period. First Trust Advisors LP boosted its position in shares of Dover by 179.7% during the 4th quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock valued at $489,900,000 after acquiring an additional 1,612,159 shares in the last quarter. Norges Bank acquired a new stake in shares of Dover during the 4th quarter valued at about $275,907,000. Diamond Hill Capital Management Inc. bought a new stake in Dover in the fourth quarter valued at about $151,473,000. Finally, Auto Owners Insurance Co increased its stake in Dover by 19,424.0% in the fourth quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock valued at $14,866,000 after acquiring an additional 757,536 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Up 0.2%

Shares of DOV stock opened at $207.08 on Friday. The company has a market capitalization of $27.89 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.57 and a beta of 1.16. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $214.14 and a 200 day moving average price of $215.68.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is currently 25.06%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DOV shares. Royal Bank Of Canada cut their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Barclays increased their target price on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.29.

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.