United Capital Financial Advisors LLC Makes New Investment in Dover Corporation $DOV

United Capital Financial Advisors LLC acquired a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,986 shares of the industrial products company’s stock, valued at approximately $5,155,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Dover in the second quarter valued at approximately $2,347,134,000. State Street Corp raised its holdings 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 acquiring an additional 227,436 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 30,372 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dover by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock valued at $631,806,000 after acquiring an additional 150,319 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Dover during the 2nd quarter worth $625,375,000. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $198.54 on Friday. The business has a fifty day simple moving average of $210.67 and a 200 day simple moving average of $215.13. The company has a market cap of $26.74 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54.

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

Dover Increases Dividend

The business 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s payout ratio is presently 25.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOV. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley increased their price objective on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Wolfe Research restated an “outperform” rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.29.

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.