NewEdge Wealth LLC Purchases 2,762 Shares of Dover Corporation $DOV

NewEdge Wealth LLC raised its position in Dover Corporation (NYSE:DOV) by 84.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,036 shares of the industrial products company’s stock after acquiring an additional 2,762 shares during the period. NewEdge Wealth LLC’s holdings in Dover were worth $1,258,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DOV. Meeder Asset Management Inc. grew its position in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Reflection Asset Management acquired a new position in Dover during the fourth quarter worth $26,000. MV Capital Management Inc. bought a new position in shares of Dover in the fourth quarter valued at $29,000. Financial Life Planners bought a new position in shares of Dover in the first quarter valued at $31,000. Finally, Leonteq Securities AG acquired a new position in shares of Dover during the fourth quarter valued at about $34,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of analyst reports. Oppenheimer upped their target price on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada cut their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday. Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Robert W. Baird set a $270.00 price objective on Dover in a research note on Friday. Finally, Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.29.

Dover Stock Up 0.1%

DOV opened at $202.45 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company’s 50-day moving average is $215.49 and its 200 day moving average is $215.51. 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 $27.27 billion, a P/E ratio of 24.39, a PEG ratio of 1.54 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts expect that Dover Corporation will post 10.66 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is currently 25.06%.

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.