Groupe la Francaise Buys New Holdings in Dover Corporation $DOV

Groupe la Francaise purchased a new position in shares of Dover Corporation (NYSE:DOV) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 21,053 shares of the industrial products company’s stock, valued at approximately $4,722,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Callan Family Office LLC purchased a new stake in Dover during the 2nd quarter valued at $702,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after acquiring an additional 7,396 shares during the period. Leeward Investments LLC MA raised its stake in shares of Dover by 22.2% during the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after acquiring an additional 10,377 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Dover during the first quarter worth about $1,367,000. Finally, L & S Advisors Inc bought a new stake in shares of Dover in the fourth quarter worth about $7,744,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOV. Wall Street Zen downgraded 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 cut their price objective for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Royal Bank Of Canada reduced their target price 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. Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $262.00 price target on shares of Dover in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Price Performance

DOV opened at $192.70 on Tuesday. 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 $25.95 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. The stock has a fifty day simple moving average of $206.48 and a two-hundred day simple moving average of $213.36. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The firm 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover’s payout ratio is presently 25.30%.

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.