Independent Financial Group LLC Purchases Shares of 6,558 Dover Corporation $DOV

Independent Financial Group LLC purchased a new position in shares of Dover Corporation (NYSE:DOV) in the 1st quarter, Holdings Channel.com reports. The fund purchased 6,558 shares of the industrial products company’s stock, valued at approximately $1,367,000.

A number of other large investors also recently modified their holdings of DOV. OFI Invest Asset Management purchased a new stake in Dover during the fourth quarter worth approximately $10,195,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Dover by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after acquiring an additional 5,514 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dover by 3.5% in 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 acquired a new position in shares of Dover during the 4th quarter valued at $538,000. Finally, Pensionfund Sabic acquired a new position in shares of Dover during the 4th quarter valued at $1,230,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Down 0.1%

Shares of Dover stock opened at $214.04 on Monday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a market capitalization of $28.82 billion, a PE ratio of 26.69, a P/E/G ratio of 1.63 and a beta of 1.16. 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 business has a 50-day moving average of $216.30 and a 200-day moving average of $215.16.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. Dover’s revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s payout ratio is 25.94%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oppenheimer increased their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Robert W. Baird boosted their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.43.

Dover Company 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.