6,259 Shares in Dover Corporation $DOV Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC purchased a new position in Dover Corporation (NYSE:DOV) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,259 shares of the industrial products company’s stock, valued at approximately $1,404,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DOV. Meeder Asset Management Inc. lifted its holdings in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the period. Reflection Asset Management purchased a new stake in Dover in the fourth quarter valued at approximately $26,000. MV Capital Management Inc. purchased a new stake in Dover in the fourth quarter valued at approximately $29,000. Clearstead Trust LLC acquired a new position in Dover during the second quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new position in Dover during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DOV. Robert W. Baird set a $270.00 price target on shares of Dover in a report on Friday, July 24th. Oppenheimer upped their price objective on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Barclays raised their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Down 1.2%

Shares of NYSE DOV opened at $200.05 on Friday. The stock has a fifty day moving average price of $212.98 and a 200 day moving average price of $215.71. 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 Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a market cap of $26.94 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.54 and a beta of 1.16.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts anticipate that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio is presently 25.06%.

Dover 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.