Keebeck Wealth Management Invests $661,000 in Dover Corporation $DOV

Keebeck Wealth Management acquired a new stake in shares of Dover Corporation (NYSE:DOV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,946 shares of the industrial products company’s stock, valued at approximately $661,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Dover in the 2nd quarter worth $2,347,134,000. Bank of New York Mellon Corp bought a new stake in Dover during the second quarter valued at about $591,207,000. First Trust Advisors LP lifted its position in shares of Dover by 179.7% in the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock valued at $489,900,000 after acquiring an additional 1,612,159 shares in the last quarter. Norges Bank bought a new position in shares of Dover in the fourth quarter worth about $275,907,000. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Dover in the fourth quarter worth about $151,473,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DOV shares. Barclays lifted their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Oppenheimer increased their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Seaport Research Partners lifted their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $238.29.

Dover Trading Up 1.0%

Shares of DOV stock opened at $201.96 on Friday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. 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 stock’s 50-day moving average price is $212.68 and its 200-day moving average price is $215.61. The stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.525 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio is currently 25.30%.

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.