Waterloo Capital L.P. Makes New $489,000 Investment in Dover Corporation $DOV

Waterloo Capital L.P. acquired a new position in Dover Corporation (NYSE:DOV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,505 shares of the industrial products company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DOV. Financial Life Planners purchased a new position in shares of Dover in the 3rd quarter worth $25,000. Tompkins Financial Corp grew its stake in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Dover in the 4th quarter worth $34,000. Westside Investment Management Inc. grew its stake in shares of Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after buying an additional 114 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Dover by 371.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after buying an additional 208 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 1.7%

Shares of DOV opened at $207.83 on Tuesday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.61 and a beta of 1.17. The company has a 50-day moving average of $214.95 and a 200 day moving average of $208.55.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts expect that Dover Corporation will post 10.62 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio is currently 25.94%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Robert W. Baird lifted their price target on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price target on shares of Dover in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Dover has an average rating of “Moderate Buy” and an average target price of $237.36.

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.