Bull Harbor Capital LLC Takes $1.24 Million Position in Dover Corporation $DOV

Bull Harbor Capital LLC purchased a new position in Dover Corporation (NYSE:DOV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,938 shares of the industrial products company’s stock, valued at approximately $1,238,000.

Other large investors also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of Dover by 6.0% during the first quarter. Arkadios Wealth Advisors now owns 3,006 shares of the industrial products company’s stock worth $627,000 after purchasing an additional 169 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Dover by 1,243.8% in the 1st quarter. Sunbelt Securities Inc. now owns 430 shares of the industrial products company’s stock valued at $90,000 after buying an additional 398 shares in the last quarter. Amundi boosted its holdings in Dover by 19.6% in the 1st quarter. Amundi now owns 682,420 shares of the industrial products company’s stock worth $142,250,000 after buying an additional 111,824 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Dover by 12.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,973 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 222 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Dover by 9.2% in the first quarter. Royal Bank of Canada now owns 225,909 shares of the industrial products company’s stock worth $47,090,000 after acquiring an additional 18,997 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Seaport Research Partners increased their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Oppenheimer raised their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target 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. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Trading Down 2.5%

Shares of NYSE DOV opened at $198.01 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $26.67 billion, a PE ratio of 23.86, a PEG ratio of 1.55 and a beta of 1.16. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The stock has a fifty day simple moving average of $215.06 and a 200-day simple moving average of $215.52.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.Dover’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts forecast that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s payout ratio is 25.06%.

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.