Equitable Holdings Inc. Buys New Position in Dover Corporation $DOV

Equitable Holdings Inc. bought a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,724 shares of the industrial products company’s stock, valued at approximately $1,732,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after buying an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC increased its holdings in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dover during the 2nd quarter worth approximately $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Dover in the 2nd quarter valued at $1,030,000. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Down 1.6%

Shares of NYSE:DOV opened at $198.54 on Friday. The business’s 50 day simple moving average is $210.67 and its 200 day simple moving average is $215.13. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a market capitalization of $26.74 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.53 and a beta of 1.16.

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, beating 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 firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the company posted $2.44 EPS. The company’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. On average, research analysts anticipate that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 25.06%.

Analysts Set New Price Targets

DOV has been the subject of a number of research analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley lifted their target price on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Robert W. Baird set a $270.00 price target on shares of Dover in a research note on Friday, July 24th. Finally, BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $255.00 to $240.00 in a report on Friday, July 24th. Ten research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.