Kestra Advisory Services LLC Increases Stake in Dover Corporation $DOV

Kestra Advisory Services LLC grew its stake in shares of Dover Corporation (NYSE:DOV) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,334 shares of the industrial products company’s stock after buying an additional 2,651 shares during the period. Kestra Advisory Services LLC owned 0.05% of Dover worth $14,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOV. Meeder Asset Management Inc. increased its holdings in 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 acquiring an additional 89 shares during the last quarter. Reflection Asset Management bought a new position in shares of Dover during the 4th quarter valued at about $26,000. MV Capital Management Inc. purchased a new position in shares of Dover during the fourth quarter valued at about $29,000. Tompkins Financial Corp grew its position in shares of Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Finally, Financial Life Planners bought a new stake in shares of Dover in the first quarter worth about $31,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DOV shares. BMO Capital Markets boosted their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Seaport Research Partners upped their price objective on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley raised their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.43.

Dover Trading Up 0.2%

Shares of NYSE DOV opened at $215.72 on Monday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The business’s 50 day moving average is $217.20 and its two-hundred day moving average is $214.63. The stock has a market capitalization of $29.05 billion, a P/E ratio of 26.90, a PEG ratio of 1.64 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts expect that Dover Corporation will post 10.65 EPS for the current 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 given a $0.52 dividend. 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 (DPR) is currently 25.94%.

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.