TritonPoint Partners LLC Makes New $860,000 Investment in Dover Corporation $DOV

TritonPoint Partners LLC acquired a new position in shares of Dover Corporation (NYSE:DOV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,404 shares of the industrial products company’s stock, valued at approximately $860,000.

A number of other institutional investors have also recently bought and sold shares of DOV. Brighton Jones LLC boosted its position in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC lifted its holdings in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Dover during the 2nd quarter valued at about $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Dover during the 2nd quarter valued at about $1,030,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Down 0.2%

Shares of DOV stock opened at $217.07 on Monday. The stock’s 50 day simple moving average is $216.04 and its 200 day simple moving average is $210.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.66 and a beta of 1.17.

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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business earned $2.05 EPS. The firm’s revenue 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, research analysts predict that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s payout ratio is currently 25.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DOV shares. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Seaport Research Partners lifted their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 price target on shares of Dover in a report on Friday, April 24th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.