North Star Asset Management Inc. Makes New Investment in Dover Corporation $DOV

North Star Asset Management Inc. acquired a new stake in shares of Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,515 shares of the industrial products company’s stock, valued at approximately $788,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Dover by 11.8% in the first 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 bought a new stake in Dover during the 2nd quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Dover during the 2nd quarter valued at $1,030,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DOV shares. Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada dropped their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. Morgan Stanley boosted their price target on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Down 1.6%

Shares of Dover stock opened at $198.54 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a market cap of $26.74 billion, a P/E ratio of 23.92, a PEG ratio of 1.53 and a beta of 1.16. The company’s fifty day simple moving average is $210.67 and its two-hundred day simple moving average is $215.13.

Dover (NYSE:DOV) last posted 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 firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the company posted $2.44 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts anticipate that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is presently 25.06%.

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.