Dover Corporation $DOV Stock Acquired by Godsey & Gibb Inc.

Godsey & Gibb Inc. boosted its position in Dover Corporation (NYSE:DOV) by 38,167.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 172,203 shares of the industrial products company’s stock after buying an additional 171,753 shares during the period. Dover comprises about 2.1% of Godsey & Gibb Inc.’s portfolio, making the stock its 13th biggest holding. Godsey & Gibb Inc.’s holdings in Dover were worth $30,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOV. True North Advisors LLC increased its position in Dover by 2.9% during the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after buying an additional 45 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Dover by 2.7% during the second quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company’s stock worth $441,000 after buying an additional 52 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Dover by 1.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock valued at $975,000 after acquiring an additional 58 shares during the period. Root Financial Partners LLC boosted its position in shares of Dover by 22.4% in the first quarter. Root Financial Partners LLC now owns 350 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 64 shares during the period. Finally, Patten Group Inc. boosted its position in shares of Dover by 1.4% in the first quarter. Patten Group Inc. now owns 5,070 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 70 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DOV shares. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on shares of Dover from $227.00 to $216.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.43.

Dover Trading Up 0.5%

Shares of Dover stock opened at $193.41 on Thursday. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.68 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. Dover Corporation has a 12-month low of $161.27 and a 12-month high of $237.54. The firm’s 50-day moving average price is $195.10 and its two-hundred day moving average price is $208.03.

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 for the quarter, compared to analyst estimates 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 last year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

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

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.