48,276 Shares in Dover Corporation $DOV Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,276 shares of the industrial products company’s stock, valued at approximately $10,827,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Dover by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock worth $3,266,951,000 after purchasing an additional 120,341 shares during the last quarter. State Street Corp boosted its position in Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after buying an additional 227,436 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dover by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after buying an additional 30,372 shares during the period. Bank of New York Mellon Corp raised its position in shares of Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after acquiring an additional 150,319 shares during the last quarter. Finally, Nuveen LLC raised its position in shares of Dover by 9.9% during the fourth quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock worth $512,169,000 after acquiring an additional 235,454 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Trading Down 0.2%

NYSE:DOV opened at $206.71 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. 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 $27.84 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.57 and a beta of 1.16. The business’s 50-day moving average price is $213.95 and its two-hundred day moving average price is $215.73.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company’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 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is presently 25.06%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOV shares. Royal Bank Of Canada decreased 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. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Barclays raised their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.29.

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.