5,039 Shares in Dover Corporation $DOV Bought by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new position in shares of Dover Corporation (NYSE:DOV) during the first quarter, Holdings Channel.com reports. The fund bought 5,039 shares of the industrial products company’s stock, valued at approximately $1,050,000.

Several other large investors have also recently bought and sold shares of DOV. Meeder Asset Management Inc. raised its position in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Dover in the 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new stake in Dover during the 4th quarter worth $29,000. Financial Life Planners purchased a new stake in Dover in the first quarter valued at $31,000. Finally, Leonteq Securities AG acquired a new stake in shares of Dover during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $205.74 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $214.79 and its 200 day moving average price is $215.56. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The stock has a market cap of $27.71 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.56 and a beta of 1.16.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business posted $2.44 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts forecast that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio is currently 25.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Royal Bank Of Canada lowered their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Oppenheimer upped their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Finally, Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.