Dover Corporation $DOV Stock Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its stake in shares of Dover Corporation (NYSE:DOV) by 159.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,768 shares of the industrial products company’s stock after purchasing an additional 2,933 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Dover were worth $855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balefire LLC raised its stake in Dover by 15.4% during the 3rd quarter. Balefire LLC now owns 2,732 shares of the industrial products company’s stock valued at $511,000 after buying an additional 364 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Dover by 222.9% during the 3rd quarter. Wedmont Private Capital now owns 10,115 shares of the industrial products company’s stock valued at $1,807,000 after buying an additional 6,982 shares during the period. Hummer Financial Advisory Services Inc boosted its stake in shares of Dover by 205.1% in the 3rd quarter. Hummer Financial Advisory Services Inc now owns 3,570 shares of the industrial products company’s stock worth $638,000 after buying an additional 2,400 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Dover by 206.9% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 120,434 shares of the industrial products company’s stock worth $21,515,000 after buying an additional 81,197 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Dover by 107.5% in the 3rd quarter. GAMMA Investing LLC now owns 16,285 shares of the industrial products company’s stock worth $2,940,000 after buying an additional 8,435 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.3%

DOV opened at $193.99 on Friday. 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 1-year low of $163.33 and a 1-year high of $237.54. The company has a market capitalization of $26.13 billion, a PE ratio of 23.37, a PEG ratio of 1.69 and a beta of 1.13. The firm’s 50 day simple moving average is $194.76 and its two-hundred day simple moving average is $207.94.

Dover (NYSE:DOV) last issued its quarterly earnings results 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 business 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 revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a $0.5250 dividend. The ex-dividend date was Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. Dover’s dividend payout ratio (DPR) is currently 25.30%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Robert W. Baird set a $270.00 target price on Dover in a report on Friday, July 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Finally, Wolfe Research restated an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.93.

Dover Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.