Dover Corporation $DOV Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Dover Corporation (NYSE:DOV) by 239.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,204 shares of the industrial products company’s stock after purchasing an additional 10,020 shares during the period. Concurrent Investment Advisors LLC’s holdings in Dover were worth $3,186,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Callan Family Office LLC acquired a new stake in shares of Dover during the second quarter worth $702,000. Northwestern Mutual Wealth Management Co. lifted its position in Dover by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after buying an additional 7,396 shares during the period. Leeward Investments LLC MA lifted its position in Dover by 22.2% during the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after buying an additional 10,377 shares during the period. Independent Financial Group LLC acquired a new stake in Dover in the 1st quarter worth about $1,367,000. Finally, L & S Advisors Inc purchased a new stake in Dover in the 4th quarter valued at about $7,744,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $192.70 on Tuesday. The firm has a market capitalization of $25.95 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock’s 50 day moving average price is $206.48 and its 200 day moving average price is $213.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company earned $2.44 earnings per share. Dover’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts expect that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.525 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover’s payout ratio is presently 25.30%.

Analyst Ratings Changes

DOV has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada dropped their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Robert W. Baird set a $270.00 price objective on shares of Dover in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to 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.