3,129 Shares in Dover Corporation $DOV Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,129 shares of the industrial products company’s stock, valued at approximately $702,000.

Other institutional investors have also recently added to or reduced their stakes in the company. True North Advisors LLC grew its stake in shares of Dover by 2.9% in the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 45 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 51 shares during the period. KCM Investment Advisors LLC raised its position in Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after buying an additional 53 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 56 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Dover by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock worth $975,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.7%

DOV opened at $202.25 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of $27.24 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.55 and a beta of 1.16. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The business’s fifty day moving average is $211.92 and its two-hundred day moving average is $215.49.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $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 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. Dover’s payout ratio is currently 25.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOV. Morgan Stanley raised their price objective on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $255.00 to $240.00 in a report on Friday, July 24th. Seaport Research Partners lifted their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada cut their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Finally, Wolfe Research reissued an “outperform” rating and issued a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

Dover 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.