Grandfield & Dodd LLC Invests $5.18 Million in Dover Corporation $DOV

Grandfield & Dodd LLC bought a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,082 shares of the industrial products company’s stock, valued at approximately $5,177,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DOV. Meeder Asset Management Inc. boosted its stake in Dover by 234.2% during 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 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new position in Dover during the fourth quarter worth about $29,000. Clearstead Trust LLC acquired a new position in shares of Dover in the 2nd quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in shares of Dover in the first quarter valued at $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 0.2%

Shares of DOV stock opened at $206.71 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The firm has a fifty day moving average of $213.95 and a 200-day moving average of $215.73. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.57 and a beta of 1.16. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for 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 was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities research analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wolfe Research restated an “outperform” rating and set a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Barclays increased their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover 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 company a “buy” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada dropped their price objective 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. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $238.29.

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.