Wealthfront Advisers LLC Buys 2,377 Shares of Dover Corporation $DOV

Wealthfront Advisers LLC lifted its position in Dover Corporation (NYSE:DOV) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,840 shares of the industrial products company’s stock after buying an additional 2,377 shares during the quarter. Wealthfront Advisers LLC’s holdings in Dover were worth $6,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DOV. Meeder Asset Management Inc. lifted its holdings in shares of Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Reflection Asset Management bought a new position in shares of Dover during the 4th quarter worth about $26,000. MV Capital Management Inc. bought a new position in Dover during the fourth quarter worth about $29,000. Tompkins Financial Corp lifted its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of Dover in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOV. BMO Capital Markets boosted their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Oppenheimer raised their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings downgraded Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 6th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price target on shares of Dover in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $241.43.

Dover Stock Down 1.6%

Shares of DOV stock opened at $214.04 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a market capitalization of $28.82 billion, a P/E ratio of 26.69, a PEG ratio of 1.63 and a beta of 1.16. 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’s fifty day moving average price is $216.30 and its two-hundred day moving average price is $215.05.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities analysts predict that Dover Corporation will post 10.65 EPS for the current fiscal 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 $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio is presently 25.94%.

About Dover

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.