Baldwin Wealth Partners LLC MA Sells 300 Shares of Dover Corporation $DOV

Baldwin Wealth Partners LLC MA lessened its holdings in shares of Dover Corporation (NYSE:DOV) by 0.8% in the second quarter, HoldingsChannel.com reports. The fund owned 37,171 shares of the industrial products company’s stock after selling 300 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Dover were worth $6,811,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. North Capital Inc. bought a new stake in shares of Dover during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new position in Dover during the first quarter valued at approximately $31,000. Truvestments Capital LLC raised its stake in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Dover during the second quarter worth approximately $33,000. Finally, Costello Asset Management INC purchased a new position in shares of Dover during the first quarter worth approximately $35,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $162.10 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The stock has a 50 day moving average price of $173.98 and a two-hundred day moving average price of $176.01. The company has a market capitalization of $22.23 billion, a P/E ratio of 9.78, a PEG ratio of 1.31 and a beta of 1.26.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.05. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.36 earnings per share. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.52 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 29th. Dover’s dividend payout ratio is currently 12.55%.

Analyst Ratings Changes

Several research firms have commented on DOV. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Royal Bank Of Canada lifted their price target on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company lowered their price objective on Dover from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.42.

Dover Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.