Tilia Fiduciary Partners Inc. Grows Stock Position in Dover Corporation $DOV

Tilia Fiduciary Partners Inc. increased its position in shares of Dover Corporation (NYSE:DOV) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,620 shares of the industrial products company’s stock after buying an additional 279 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Dover were worth $1,213,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dover by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock valued at $2,870,986,000 after buying an additional 106,679 shares during the period. Nuveen LLC purchased a new stake in Dover in the first quarter valued at approximately $526,081,000. Invesco Ltd. raised its position in Dover by 7.9% in the first quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock valued at $223,586,000 after purchasing an additional 93,483 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Dover by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock valued at $172,759,000 after purchasing an additional 19,387 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Dover by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 840,621 shares of the industrial products company’s stock valued at $147,680,000 after purchasing an additional 12,518 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE:DOV opened at $166.54 on Friday. The company has a fifty day simple moving average of $175.46 and a two-hundred day simple moving average of $176.50. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.05. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.36 earnings per share. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, equities analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 29th. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Dover’s payout ratio is presently 12.55%.

Analysts Set New Price Targets

A number of analysts have issued reports on DOV shares. Wells Fargo & Company boosted their target price on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Robert W. Baird boosted their target price on Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Mizuho boosted their target price on Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. JPMorgan Chase & Co. boosted their target price on Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Barclays dropped their price target on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating for the company in a research note on Wednesday. Eight investment 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 an average rating of “Moderate Buy” and an average target price of $213.67.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.