Kestra Advisory Services LLC Increases Position in Dover Corporation $DOV

Kestra Advisory Services LLC grew its holdings in shares of Dover Corporation (NYSE:DOV) by 4.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 67,334 shares of the industrial products company’s stock after buying an additional 2,651 shares during the period. Kestra Advisory Services LLC’s holdings in Dover were worth $14,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantum Portfolio Management LLC boosted its holdings in Dover by 6.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 5,800 shares of the industrial products company’s stock valued at $1,209,000 after acquiring an additional 375 shares during the period. Cvfg LLC purchased a new stake in Dover in the first quarter worth $1,677,000. Abel Hall LLC lifted its position in shares of Dover by 15.0% during the first quarter. Abel Hall LLC now owns 1,394 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 182 shares during the last quarter. Fortune 45 LLC purchased a new stake in shares of Dover during the first quarter valued at $830,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Dover during the first quarter valued at $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Trading Up 0.2%

DOV opened at $215.72 on Monday. 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 market cap of $29.05 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.64 and a beta of 1.16. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The stock has a fifty day moving average price of $217.20 and a 200-day moving average price of $214.63.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts anticipate that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Barclays boosted their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Oppenheimer raised their target price on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $262.00 price target on shares of Dover in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average target price of $241.43.

Dover 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.