45,086 Shares in Dover Corporation $DOV Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,086 shares of the industrial products company’s stock, valued at approximately $10,113,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake 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 acquiring an additional 89 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of Dover in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in shares of Dover in the second quarter valued at approximately $30,000. MV Capital Management Inc. bought a new stake in shares of Dover in the fourth quarter worth $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Dover during the second quarter worth $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DOV shares. Morgan Stanley lifted their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada lowered their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Wolfe Research reiterated an “outperform” rating and set a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Down 1.6%

DOV opened at $198.54 on Friday. The stock’s fifty day simple moving average is $210.67 and its 200 day simple moving average is $215.13. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The stock has a market cap of $26.74 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. 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 (NYSE:DOV) last released its quarterly earnings data 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. The firm had revenue of $2.19 billion during 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 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 business posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.525 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. Dover’s dividend payout ratio (DPR) is currently 25.06%.

Dover Company 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.