13,510 Dover Corporation $DOV Shares Acquired by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. boosted its position in Dover Corporation (NYSE:DOV) by 288.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,192 shares of the industrial products company’s stock after buying an additional 13,510 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Dover were worth $3,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Callan Family Office LLC bought a new stake in Dover in the 2nd quarter worth about $702,000. Concurrent Investment Advisors LLC raised its position in Dover by 239.5% in the second quarter. Concurrent Investment Advisors LLC now owns 14,204 shares of the industrial products company’s stock worth $3,186,000 after acquiring an additional 10,020 shares during the period. Squarepoint Ops LLC raised its position in Dover by 1,356.0% in the second quarter. Squarepoint Ops LLC now owns 25,989 shares of the industrial products company’s stock worth $5,829,000 after acquiring an additional 24,204 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Dover by 5.0% in the 2nd quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company’s stock worth $211,269,000 after purchasing an additional 44,854 shares during the period. Finally, Amundi increased its position in Dover by 36.8% in the second quarter. Amundi now owns 933,295 shares of the industrial products company’s stock worth $209,319,000 after buying an additional 250,875 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOV has been the subject of several recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $255.00 to $240.00 in a report on Friday, July 24th. Wells Fargo & Company began coverage on shares of Dover in a research note on Thursday, September 24th. They issued an “overweight” rating and a $229.00 price target for the company. Weiss Ratings downgraded Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.21.

Dover Trading Up 1.1%

Dover stock traded up $2.00 during mid-day trading on Monday, hitting $191.69. The company’s stock had a trading volume of 213,220 shares, compared to its average volume of 1,160,402. The stock has a market cap of $25.82 billion, a PE ratio of 23.09, a P/E/G ratio of 1.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a 50 day moving average of $197.45 and a 200-day moving average of $209.25.

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

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Monday, August 31st. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. Dover’s dividend payout ratio is 25.30%.

About Dover

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.