Trust Co. of Vermont Takes Position in Dover Corporation $DOV

Trust Co. of Vermont acquired a new position in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,857 shares of the industrial products company’s stock, valued at approximately $1,089,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOV. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Dover during the 2nd quarter valued at $78,505,000. OneDigital Investment Advisors LLC acquired a new position in shares of Dover in the second quarter worth $280,000. AMG National Trust Bank acquired a new position in shares of Dover in the second quarter worth $305,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dover in the second quarter valued at $53,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Dover during the second quarter valued at $113,509,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $203.23 on Wednesday. The business’s 50 day moving average is $213.60 and its two-hundred day moving average is $215.72. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.57 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts forecast that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.0%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 25.30%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Seaport Research Partners upped their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada lowered their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus 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.