Stonehage Fleming Financial Services Holdings Ltd Buys Shares of 2,720 Dover Corporation $DOV

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

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dover during the second quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Dover during the second quarter valued at $1,030,000. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE:DOV opened at $201.90 on Friday. The company has a market capitalization of $27.19 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The stock has a fifty day moving average of $211.17 and a 200-day moving average of $215.24. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.32% and a net margin of 13.48%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts anticipate that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. Dover’s payout ratio is 25.30%.

Analyst Ratings Changes

Several research firms recently weighed in on DOV. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Finally, Wolfe Research reiterated an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Company 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.