796,832 Dover Corporation $DOV Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its position in Dover Corporation (NYSE:DOV) by 24,578.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 800,074 shares of the industrial products company’s stock after buying an additional 796,832 shares during the quarter. Dover makes up about 1.6% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Ferguson Wellman Capital Management Inc.’s holdings in Dover were worth $139,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Callan Family Office LLC bought a new stake in Dover during the second quarter valued at about $702,000. Concurrent Investment Advisors LLC boosted its holdings in Dover by 239.5% during the second quarter. Concurrent Investment Advisors LLC now owns 14,204 shares of the industrial products company’s stock worth $3,186,000 after buying an additional 10,020 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Dover by 1,356.0% during the 2nd quarter. Squarepoint Ops LLC now owns 25,989 shares of the industrial products company’s stock worth $5,829,000 after buying an additional 24,204 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Dover by 5.0% during the second quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company’s stock valued at $211,269,000 after acquiring an additional 44,854 shares during the last quarter. Finally, Amundi raised its holdings in Dover by 36.8% in the 2nd quarter. Amundi now owns 933,295 shares of the industrial products company’s stock valued at $209,319,000 after acquiring an additional 250,875 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the topic of several recent analyst reports. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Wolfe Research reiterated an “outperform” rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings cut Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada lowered their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.21.

Dover Stock Performance

NYSE:DOV traded up $2.05 during midday trading on Monday, reaching $191.74. 203,249 shares of the company traded hands, compared to its average volume of 1,160,332. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.66 and a beta of 1.13. The company has a fifty day moving average price of $197.45 and a 200 day moving average price of $209.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts expect 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 was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.5250 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover’s payout ratio is 25.30%.

About Dover

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.