Vise Technologies Inc. Makes New $782,000 Investment in Dover Corporation $DOV

Vise Technologies Inc. acquired a new stake in Dover Corporation (NYSE:DOV) in the second quarter, Holdings Channel reports. The fund acquired 3,488 shares of the industrial products company’s stock, valued at approximately $782,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada cut their price target 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. Seaport Research Partners boosted their price objective on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Wolfe Research reissued an “outperform” rating and issued a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Up 0.0%

Shares of NYSE DOV opened at $201.96 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $27.20 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.53 and a beta of 1.16. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The business has a 50-day simple moving average of $212.68 and a two-hundred day simple moving average of $215.67.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The company’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. Research analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 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.