V Square Quantitative Management LLC Sells 158 Shares of Dover Corporation $DOV

V Square Quantitative Management LLC lessened its position in Dover Corporation (NYSE:DOV) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,776 shares of the industrial products company’s stock after selling 158 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dover were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. North Capital Inc. bought a new position in shares of Dover during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new position in Dover during the first quarter valued at approximately $31,000. Truvestments Capital LLC raised its stake in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Dover in the 2nd quarter worth approximately $33,000. Finally, Costello Asset Management INC purchased a new stake in shares of Dover in the 1st quarter valued at $35,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Citigroup reiterated a “buy” rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. JPMorgan Chase & Co. increased their target price on Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Robert W. Baird boosted their price objective on Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their price objective on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.92.

Dover Price Performance

Shares of Dover stock opened at $166.46 on Tuesday. The business has a 50 day moving average of $177.21 and a 200 day moving average of $176.85. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a market cap of $22.83 billion, a PE ratio of 10.04, a P/E/G ratio of 1.34 and a beta of 1.27. 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 (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $2.36 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, equities research analysts forecast that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a 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 presently 12.55%.

About Dover

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.