Stack Financial Management Inc Purchases New Position in Dover Corporation $DOV

Stack Financial Management Inc acquired a new position 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 institutional investor acquired 76,938 shares of the industrial products company’s stock, valued at approximately $17,256,000. Stack Financial Management Inc owned about 0.06% of Dover as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Reflection Asset Management bought a new position in shares of Dover during the 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new stake in shares of Dover in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Dover in the 1st quarter valued at $31,000. Finally, Leonteq Securities AG bought a new stake in Dover in the fourth quarter worth $34,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.2%

Shares of Dover stock opened at $207.08 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company’s fifty day simple moving average is $214.14 and its 200-day simple moving average is $215.68. The company has a market cap of $27.89 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.57 and a beta of 1.16. 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 (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts expect that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is 25.06%.

Wall Street Analyst Weigh In

DOV has been the topic of several recent research reports. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Oppenheimer raised their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Robert W. Baird set a $270.00 target price on Dover in a report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average 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.