4,367 Shares in Dover Corporation $DOV Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. purchased a new position in shares of Dover Corporation (NYSE:DOV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,367 shares of the industrial products company’s stock, valued at approximately $910,000.

A number of other institutional investors have also made changes to their positions in DOV. OFI Invest Asset Management bought a new position in shares of Dover in the fourth quarter worth about $10,195,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after acquiring an additional 7,396 shares during the period. BIP Wealth LLC bought a new position in shares of Dover during the 4th quarter valued at approximately $538,000. Leeward Investments LLC MA increased its holdings in Dover by 22.2% in the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after acquiring an additional 10,377 shares in the last quarter. Finally, Willis Johnson & Associates Inc. bought a new stake in Dover during the 4th quarter worth approximately $1,062,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Up 3.1%

Shares of DOV opened at $204.16 on Friday. The firm has a market cap of $27.50 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a 50 day simple moving average of $214.98 and a two-hundred day simple moving average of $215.54.

Dover (NYSE:DOV) last released 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 for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. 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. On average, equities analysts expect that Dover Corporation will post 10.64 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is presently 25.06%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $270.00 price target on shares of Dover in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. 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. Finally, Oppenheimer increased their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.