Ceredex Value Advisors LLC Buys New Position in Dover Corporation $DOV

Ceredex Value Advisors LLC bought a new stake in Dover Corporation (NYSE:DOV) in the second quarter, Holdings Channel reports. The institutional investor bought 113,900 shares of the industrial products company’s stock, valued at approximately $25,545,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True North Advisors LLC raised its stake in shares of Dover by 2.9% during the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after buying an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 51 shares during the last quarter. KCM Investment Advisors LLC raised its position in shares of Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 56 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Dover by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock valued at $975,000 after purchasing an additional 58 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 price objective on shares of Dover in a report on Friday, April 24th. Morgan Stanley boosted their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Finally, Seaport Research Partners upped their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Performance

DOV stock opened at $200.05 on Friday. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The firm has a 50 day moving average of $212.98 and a two-hundred day moving average of $215.71. The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.54 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 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts anticipate that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. Dover’s dividend payout ratio (DPR) is currently 25.06%.

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.