GSA Capital Partners LLP Purchases New Stake in Dover Corporation $DOV

GSA Capital Partners LLP purchased a new stake in shares of Dover Corporation (NYSE:DOV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,201 shares of the industrial products company’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares during the period. Sivia Capital Partners LLC acquired a new position in Dover in the 2nd quarter valued at about $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Dover in the 2nd quarter valued at about $1,030,000. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DOV. 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 Dover from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Morgan Stanley increased their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Seaport Research Partners upped their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Performance

NYSE DOV opened at $203.23 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $27.37 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.57 and a beta of 1.16. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The firm has a 50-day moving average price of $213.60 and a two-hundred day moving average price of $215.72.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $2.44 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is 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.