Dover Corporation (DOV) to Distribute Quarterly Dividend of $0.53 on September 15th

Dover Corporation (NYSE:DOV) declared a quarterly dividend on Friday, August 7th. Investors of record on Monday, August 31st will be paid a dividend of 0.525 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. This is a 1.0% increase from Dover’s previous quarterly dividend of $0.52.

Dover has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 70 consecutive years. Dover has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dover to earn $11.48 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 18.3%.

Dover Stock Down 1.6%

DOV stock opened at $198.54 on Friday. The firm’s 50-day moving average is $210.67 and its two-hundred day moving average is $215.13. The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. Dover has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

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 the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm posted $2.44 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts forecast that Dover will post 10.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently modified their holdings of DOV. Callan Family Office LLC acquired a new position in Dover during the 2nd quarter worth approximately $702,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after purchasing an additional 7,396 shares during the last quarter. Leeward Investments LLC MA lifted its position in shares of Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after purchasing an additional 10,377 shares in the last quarter. Independent Financial Group LLC acquired a new position in Dover during the first quarter worth $1,367,000. Finally, Tredje AP fonden grew its position in Dover by 5.4% in the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock valued at $33,590,000 after purchasing an additional 8,774 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

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.