9,041 Shares in Dover Corporation $DOV Purchased by Man Group plc

Man Group plc purchased a new position in Dover Corporation (NYSE:DOV) during the 2nd quarter, HoldingsChannel reports. The firm purchased 9,041 shares of the industrial products company’s stock, valued at approximately $2,028,000.

Several other large investors also recently made changes to their positions in DOV. Meeder Asset Management Inc. grew its stake in shares of Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management acquired a new stake in Dover during the fourth quarter valued at approximately $26,000. MV Capital Management Inc. bought a new stake in Dover during the fourth quarter worth approximately $29,000. Clearstead Trust LLC acquired a new position in Dover in the second quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new position in Dover in the first quarter worth approximately $31,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 2.2%

Dover stock opened at $189.88 on Wednesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. 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 firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.47 and a beta of 1.15. The company has a 50 day moving average price of $209.28 and a 200 day moving average price of $214.50.

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

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. 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. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover’s payout ratio is presently 25.30%.

Analysts Set New Price Targets

DOV has been the subject of a number of recent research reports. Robert W. Baird set a $270.00 price objective on Dover in a research report on Friday, July 24th. Morgan Stanley lifted their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $255.00 to $240.00 in a report on Friday, July 24th. Wolfe Research reiterated an “outperform” rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada dropped their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company 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.