Dover Corporation $DOV Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in Dover Corporation (NYSE:DOV) by 33.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 230,907 shares of the industrial products company’s stock after purchasing an additional 58,145 shares during the quarter. HighTower Advisors LLC’s holdings in Dover were worth $51,788,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Callan Family Office LLC acquired a new position in Dover in the 2nd quarter worth $702,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $42,845,000 after acquiring an additional 7,396 shares in the last quarter. Leeward Investments LLC MA lifted its stake 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 acquiring an additional 10,377 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Dover during the 1st quarter valued at approximately $1,367,000. Finally, L & S Advisors Inc purchased a new stake in Dover during the 4th quarter worth approximately $7,744,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

Shares of NYSE DOV opened at $192.70 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $25.95 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The business has a 50 day simple moving average of $206.48 and a 200-day simple moving average of $213.36.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for 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%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 25.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DOV shares. Royal Bank Of Canada reduced their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Wolfe Research reissued an “outperform” rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Finally, Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Company Profile

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.