8,045 Shares in Dover Corporation $DOV Purchased by Cvfg LLC

Cvfg LLC purchased a new stake in Dover Corporation (NYSE:DOV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,045 shares of the industrial products company’s stock, valued at approximately $1,677,000.

A number of other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Dover by 174.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after purchasing an additional 1,830,722 shares during the period. First Trust Advisors LP lifted its position in Dover by 179.7% in the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock worth $489,900,000 after purchasing an additional 1,612,159 shares during the period. Norges Bank acquired a new stake in Dover during the fourth quarter worth $275,907,000. Diamond Hill Capital Management Inc. bought a new stake in Dover in the 4th quarter valued at $151,473,000. Finally, Auto Owners Insurance Co increased its holdings in Dover by 19,424.0% in the 4th quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock valued at $14,866,000 after buying an additional 757,536 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.3%

DOV opened at $214.16 on Wednesday. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.63 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm’s 50-day simple moving average is $217.88 and its 200-day simple moving average is $214.31. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 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 analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Morgan Stanley increased their price target on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Oppenheimer lifted their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 target price on shares of Dover in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Dover 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.