Stonehage Fleming Financial Services Holdings Ltd Invests $610,000 in Dover Corporation $DOV

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Dover Corporation (NYSE:DOV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,720 shares of the industrial products company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. Meeder Asset Management Inc. raised its position in Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Reflection Asset Management bought a new stake in Dover in the fourth quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in shares of Dover during the 2nd quarter worth $30,000. MV Capital Management Inc. bought a new position in shares of Dover during the 4th quarter valued at $29,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Dover during the 2nd quarter valued at $34,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOV has been the subject of a number of recent research reports. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Morgan Stanley upped their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada cut 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. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Price Performance

NYSE DOV opened at $201.90 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a fifty day simple moving average of $211.17 and a 200 day simple moving average of $215.24. 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 company has a market cap of $27.19 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 1.16.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm posted $2.44 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts predict that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, August 31st. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s dividend payout ratio is presently 25.30%.

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.