Sapient Capital LLC Purchases Shares of 2,577 Dover Corporation $DOV

Sapient Capital LLC acquired a new stake in Dover Corporation (NYSE:DOV) in the first quarter, HoldingsChannel reports. The fund acquired 2,577 shares of the industrial products company’s stock, valued at approximately $537,000.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of 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 bought a new position in Dover during the fourth quarter worth about $26,000. MV Capital Management Inc. acquired a new position in Dover during the fourth quarter worth approximately $29,000. Financial Life Planners bought a new stake in Dover in the first quarter valued at approximately $31,000. Finally, Leonteq Securities AG bought a new stake in Dover in the fourth quarter valued at approximately $34,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Royal Bank Of Canada dropped their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price target on shares of Dover in a report on Friday, April 24th. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Oppenheimer increased their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Trading Up 2.2%

DOV stock opened at $210.26 on Wednesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a market capitalization of $28.32 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company’s 50-day simple moving average is $214.68 and its 200 day simple moving average is $215.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98.

Dover (NYSE:DOV) last issued its quarterly earnings data 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 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 business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts anticipate that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s payout ratio is presently 25.06%.

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.