TritonPoint Partners LLC Makes New Investment in Dover Corporation $DOV

TritonPoint Partners LLC purchased a new position in Dover Corporation (NYSE:DOV) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,404 shares of the industrial products company’s stock, valued at approximately $860,000.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after buying an additional 89 shares during the period. Financial Life Planners acquired a new stake in shares of Dover during the 3rd quarter worth approximately $25,000. Tompkins Financial Corp grew its holdings in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Finally, Torren Management LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $45,000. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $217.07 on Monday. The stock’s fifty day simple moving average is $216.04 and its 200 day simple moving average is $210.72. 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 firm has a market cap of $29.23 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.66 and a beta of 1.17. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion for 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%.Dover’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is currently 25.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DOV. Morgan Stanley lifted their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Oppenheimer lifted their price objective on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Seaport Research Partners lifted 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. Finally, BMO Capital Markets lifted their price objective on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

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.