4,931 Shares in Dover Corporation $DOV Bought by Haverford Trust Co

Haverford Trust Co acquired a new stake in shares of Dover Corporation (NYSE:DOV) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,931 shares of the industrial products company’s stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True North Advisors LLC raised its holdings in Dover by 2.9% in the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 51 shares in the last quarter. KCM Investment Advisors LLC grew its position in shares of Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after buying an additional 53 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after buying an additional 56 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Dover by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock worth $975,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley raised 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. Seaport Research Partners upped their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wolfe Research reissued an “outperform” rating and issued a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Performance

Shares of Dover stock opened at $201.96 on Friday. The company has a 50 day moving average price of $212.68 and a 200 day moving average price of $215.61. The firm has a market capitalization of $27.20 billion, a P/E ratio of 24.33, a PEG ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping 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 company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm earned $2.44 EPS. Dover’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Sell-side analysts expect that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

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