SG Americas Securities LLC Has $49.79 Million Stock Position in Dover Corporation $DOV

SG Americas Securities LLC boosted its holdings in Dover Corporation (NYSE:DOV) by 390.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,862 shares of the industrial products company’s stock after purchasing an additional 190,164 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $49,791,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets raised their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird upped their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Barclays boosted their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Seaport Research Partners upped their target price on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Trading Up 2.6%

DOV opened at $229.31 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm has a market capitalization of $30.88 billion, a PE ratio of 28.59, a P/E/G ratio of 1.70 and a beta of 1.17. The company’s 50-day moving average is $217.66 and its 200 day moving average is $212.30.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. 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 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s 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.