GHP Investment Advisors Inc. Purchases 6,061 Shares of Dover Corporation $DOV

GHP Investment Advisors Inc. boosted its position in shares of Dover Corporation (NYSE:DOV) by 492.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,292 shares of the industrial products company’s stock after buying an additional 6,061 shares during the period. GHP Investment Advisors Inc.’s holdings in Dover were worth $1,520,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Dover in the 2nd quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dover during the 2nd quarter valued at about $1,030,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 2.0%

Shares of NYSE DOV opened at $226.08 on Friday. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The company has a market cap of $30.44 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.72 and a beta of 1.17. The business’s 50 day moving average price is $218.34 and its 200-day moving average price is $213.15.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, sell-side analysts expect that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Barclays upped their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Robert W. Baird increased their price target on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, BMO Capital Markets lifted their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.85.

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.