GHP Investment Advisors Inc. Purchases 6,061 Shares of Dover Corporation $DOV

GHP Investment Advisors Inc. increased its position in shares of Dover Corporation (NYSE:DOV) by 492.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,292 shares of the industrial products company’s stock after buying an additional 6,061 shares during the period. GHP Investment Advisors Inc.’s holdings in Dover were worth $1,520,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Dover during the fourth quarter worth $10,195,000. Wealth Enhancement Advisory Services LLC boosted its position in Dover by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after purchasing an additional 5,514 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 7,396 shares during the last quarter. Pensionfund Sabic bought a new position in Dover in the fourth quarter worth about $1,230,000. Finally, BIP Wealth LLC purchased a new stake in shares of Dover during the fourth quarter valued at about $538,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DOV shares. Barclays raised their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 price objective on shares of Dover in a research report on Friday, April 24th. BMO Capital Markets upped their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Dover Trading Down 2.0%

NYSE DOV opened at $226.08 on Friday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a fifty day simple moving average of $218.34 and a two-hundred day simple moving average of $213.15. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $30.44 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.72 and a beta of 1.17.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Dover’s dividend payout ratio is currently 25.94%.

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.