Tocqueville Asset Management L.P. Buys Shares of 5,650 Dover Corporation $DOV

Tocqueville Asset Management L.P. purchased a new position in shares of Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,650 shares of the industrial products company’s stock, valued at approximately $1,267,000.

A number of other institutional investors have also modified their holdings of the company. True North Advisors LLC raised its holdings in shares of Dover by 2.9% in the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $336,000 after buying an additional 45 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 51 shares during the period. KCM Investment Advisors LLC boosted its holdings in Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 53 shares during the period. Kingsview Wealth Management LLC grew its position in Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 56 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in Dover by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 58 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DOV. 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 report on Thursday, June 4th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Price Performance

DOV stock opened at $200.05 on Friday. The business’s 50-day moving average is $212.98 and its two-hundred day moving average is $215.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a market capitalization of $26.94 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.54 and a beta of 1.16. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54.

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

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued 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 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 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.