USA Financial Formulas Has $167,000 Stock Position in Dover Corporation $DOV

USA Financial Formulas grew its position in shares of Dover Corporation (NYSE:DOV) by 18,140.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 912 shares of the industrial products company’s stock after acquiring an additional 907 shares during the quarter. USA Financial Formulas’ holdings in Dover were worth $167,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dover by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock worth $2,870,986,000 after acquiring an additional 106,679 shares during the last quarter. Nuveen LLC acquired a new position in Dover during the 1st quarter worth approximately $526,081,000. Invesco Ltd. boosted its position in Dover by 7.9% during the 1st quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock worth $223,586,000 after acquiring an additional 93,483 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Dover by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock worth $172,759,000 after acquiring an additional 19,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Dover by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 840,621 shares of the industrial products company’s stock worth $147,680,000 after acquiring an additional 12,518 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Up 0.1%

Shares of Dover stock opened at $166.49 on Friday. The business has a fifty day simple moving average of $175.86 and a two-hundred day simple moving average of $176.59. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.05. Dover had a return on equity of 18.19% and a net margin of 29.29%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $2.36 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Research analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 12.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DOV shares. Barclays reduced their price target on Dover from $193.00 to $190.00 and set an “equal weight” rating for the company in a research report on Wednesday. Robert W. Baird increased their price objective on Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Royal Bank Of Canada increased their price objective on Dover from $203.00 to $206.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Finally, Mizuho increased their price objective on Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $213.67.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.