Triton Financial Group Inc Purchases New Position in Dover Corporation $DOV

Triton Financial Group Inc acquired a new position in Dover Corporation (NYSE:DOV) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,367 shares of the industrial products company’s stock, valued at approximately $1,877,000. Dover makes up about 1.1% of Triton Financial Group Inc’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOV. Brighton Jones LLC lifted its stake in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Dover during the 2nd quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Dover in the 2nd quarter valued at $1,030,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $201.90 on Friday. The company has a market capitalization of $27.19 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company’s fifty day moving average price is $211.17 and its 200 day moving average price is $215.24.

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

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio is currently 25.30%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent research reports. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Royal Bank Of Canada cut their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Weiss Ratings upgraded Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.