Proficio Capital Partners LLC Invests $800,000 in Dover Corporation $DOV

Proficio Capital Partners LLC purchased a new stake in shares of Dover Corporation (NYSE:DOV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,569 shares of the industrial products company’s stock, valued at approximately $800,000.

A number of other large investors also recently bought and sold shares of DOV. True North Advisors LLC grew its holdings in shares of Dover by 2.9% in the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of 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 purchasing an additional 51 shares during the last quarter. KCM Investment Advisors LLC raised its position in Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 53 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Dover by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in shares of 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 worth $975,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the topic of several research analyst reports. Royal Bank Of Canada decreased their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and cut their price target for the company from $255.00 to $240.00 in a report on Friday, July 24th. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Robert W. Baird set a $270.00 price objective on Dover in a research note on Friday, July 24th. Finally, Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Price Performance

Shares of NYSE:DOV opened at $204.78 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $27.58 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The company’s fifty day moving average is $211.61 and its two-hundred day moving average is $215.40. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54.

Dover (NYSE:DOV) last posted 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. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business earned $2.44 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts expect that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.525 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover’s payout ratio is presently 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.