Cromwell Holdings LLC Has $43,000 Position in Dover Corporation $DOV

Cromwell Holdings LLC reduced its position in shares of Dover Corporation (NYSE:DOV) by 27.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 232 shares of the industrial products company’s stock after selling 89 shares during the period. Cromwell Holdings LLC’s holdings in Dover were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in shares of Dover in the first quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in Dover in the 1st quarter valued at approximately $31,000. Truvestments Capital LLC increased its position in Dover by 1,005.9% in the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after buying an additional 171 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Dover during the second quarter worth approximately $33,000. Finally, Costello Asset Management INC bought a new stake in shares of Dover in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DOV. Barclays dropped their target price on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Mizuho increased their target price on shares of Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. boosted their price target on Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a research report on Saturday, September 27th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.67.

Dover Stock Down 0.1%

Shares of DOV opened at $166.54 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $175.46 and a two-hundred day moving average price of $176.50. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.33 and a beta of 1.26. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31.

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

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is currently 12.55%.

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.