Crawford Investment Counsel Inc. Purchases 262,713 Shares of Dover Corporation $DOV

Crawford Investment Counsel Inc. boosted its position in Dover Corporation (NYSE:DOV) by 21,017.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,963 shares of the industrial products company’s stock after acquiring an additional 262,713 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Dover were worth $51,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in Dover in the third quarter valued at $25,000. Meeder Asset Management Inc. increased its stake in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Tompkins Financial Corp grew its stake in shares of Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Dover during the fourth quarter valued at about $34,000. Finally, Torren Management LLC bought a new position in shares of Dover during the fourth quarter valued at about $45,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $222.82 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $216.70 and a 200-day moving average of $211.22. The firm has a market cap of $30.01 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.68 and a beta of 1.17. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts expect that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio is currently 25.94%.

Analyst Ratings Changes

DOV has been the topic of a number of recent research reports. Seaport Research Partners raised their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, BMO Capital Markets raised their price objective on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

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.