Waterloo Capital L.P. Takes Position in Dover Corporation $DOV

Waterloo Capital L.P. purchased a new stake in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,505 shares of the industrial products company’s stock, valued at approximately $489,000.

A number of other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Dover in the third quarter worth approximately $25,000. Tompkins Financial Corp boosted its holdings in Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Leonteq Securities AG purchased a new stake in Dover in the fourth quarter worth approximately $34,000. Westside Investment Management Inc. boosted its holdings in Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE DOV opened at $207.83 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The company has a market cap of $27.99 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.61 and a beta of 1.17. The firm’s fifty day moving average is $214.95 and its two-hundred day moving average is $208.55. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. Dover’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts anticipate that Dover Corporation will post 10.62 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s payout ratio is currently 25.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DOV. Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Barclays increased their price target on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $237.36.

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.