Evansbrook LLC Invests $513,000 in Dover Corporation $DOV

Evansbrook LLC purchased a new stake in Dover Corporation (NYSE:DOV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,629 shares of the industrial products company’s stock, valued at approximately $513,000.

A number of other large investors have also added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in Dover in the 3rd quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in shares of 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 acquiring an additional 89 shares during the period. Tompkins Financial Corp grew its holdings in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Dover in the fourth quarter worth $34,000. Finally, DV Equities LLC bought a new position in shares of Dover in the fourth quarter worth $37,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. BMO Capital Markets boosted their target price on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Morgan Stanley upped their price target on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

Dover Price Performance

Shares of DOV stock opened at $223.64 on Friday. The business has a fifty day simple moving average of $217.29 and a 200 day simple moving average of $211.73. The company has a market cap of $30.12 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, sell-side analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s payout ratio is 25.94%.

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.