Empowered Funds LLC Invests $2.61 Million in Dover Corporation $DOV

Empowered Funds LLC purchased a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,646 shares of the industrial products company’s stock, valued at approximately $2,612,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. United Capital Financial Advisors LLC bought a new stake in Dover during the second quarter worth approximately $5,155,000. Equitable Holdings Inc. purchased a new stake in Dover during the second quarter valued at approximately $1,732,000. Centaurus Financial Inc. bought a new stake in shares of Dover in the 2nd quarter valued at approximately $178,000. Public Employees Retirement System of Ohio purchased a new position in shares of Dover in the 2nd quarter worth approximately $9,667,000. Finally, Triton Financial Group Inc bought a new position in shares of Dover during the 2nd quarter valued at approximately $1,877,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. Morgan Stanley boosted their price objective on shares of 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 target price on shares of Dover in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Trading Down 0.5%

Shares of NYSE DOV opened at $189.07 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The business’s 50 day moving average price is $208.58 and its 200-day moving average price is $214.21. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.44 and a beta of 1.15.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. 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. On average, sell-side analysts expect that Dover Corporation will post 10.66 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. 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 is 25.30%.

About Dover

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.