Meeder Advisory Services Inc. Takes Position in Dover Corporation $DOV

Meeder Advisory Services Inc. purchased a new stake in Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,919 shares of the industrial products company’s stock, valued at approximately $655,000.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOV. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada decreased their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Robert W. Baird set a $270.00 target price on Dover in a report on Friday, July 24th. Seaport Research Partners raised their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Price Performance

Shares of NYSE:DOV opened at $200.05 on Friday. 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 business’s fifty day moving average price is $212.98 and its two-hundred day moving average price is $215.71. The stock has a market cap of $26.94 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

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

Dover Increases Dividend

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

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.