Sanctuary Advisors LLC Purchases Shares of 18,899 Dover Corporation $DOV

Sanctuary Advisors LLC purchased a new position in shares of Dover Corporation (NYSE:DOV) during the second quarter, HoldingsChannel reports. The firm purchased 18,899 shares of the industrial products company’s stock, valued at approximately $4,239,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its position in shares of Dover by 234.2% during the fourth 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 during the period. Reflection Asset Management acquired a new stake in Dover in the 4th quarter valued at $26,000. Clearstead Trust LLC bought a new stake in Dover during the 2nd quarter valued at $30,000. MV Capital Management Inc. acquired a new position in Dover during the fourth quarter worth $29,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Dover in the second quarter valued at $34,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.8%

NYSE DOV opened at $203.63 on Tuesday. 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 stock’s 50-day simple moving average is $212.33 and its two-hundred day simple moving average is $215.61. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.53 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The firm had revenue of $2.19 billion during 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 company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts forecast that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.525 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 25.30%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Royal Bank Of Canada cut their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Morgan Stanley upped their price objective on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average target price 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.