Dover Corporation $DOV Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Dover Corporation (NYSE:DOV) by 38.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 827 shares of the industrial products company’s stock after buying an additional 228 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dover were worth $152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in Dover by 707.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company’s stock worth $349,000 after buying an additional 1,740 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Dover by 10.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,622 shares of the industrial products company’s stock valued at $2,227,000 after acquiring an additional 1,160 shares in the last quarter. Heartland Bank & Trust Co purchased a new position in Dover during the 1st quarter valued at about $739,000. Hsbc Holdings PLC lifted its holdings in shares of Dover by 77.9% during the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock valued at $107,677,000 after buying an additional 268,931 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Dover by 104.5% during the 1st quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company’s stock valued at $563,000 after buying an additional 1,638 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DOV shares. Wells Fargo & Company lifted their price target on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Citigroup restated a “buy” rating and issued a $226.00 target price (up from $202.00) on shares of Dover in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Mizuho boosted their target price on Dover from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Finally, Robert W. Baird boosted their target price on Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $213.67.

Dover Stock Up 0.1%

Shares of DOV stock opened at $166.49 on Friday. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a market cap of $22.83 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The stock has a 50 day moving average of $175.86 and a 200-day moving average of $176.59. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.Dover’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 earnings per share. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, equities analysts predict that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 29th. Dover’s dividend payout ratio (DPR) is currently 12.55%.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.