Focus Partners Advisor Solutions LLC Makes New $664,000 Investment in Dover Corporation $DOV

Focus Partners Advisor Solutions LLC bought a new stake in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,961 shares of the industrial products company’s stock, valued at approximately $664,000.

Other institutional investors have also recently made changes to their positions in the company. True North Advisors LLC increased its position in shares of Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after purchasing an additional 51 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 53 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Dover by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock worth $975,000 after buying an additional 58 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

Dover stock opened at $206.71 on Tuesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a market cap of $27.84 billion, a P/E ratio of 24.90, a PEG ratio of 1.57 and a beta of 1.16. The company has a 50-day moving average price of $213.95 and a 200 day moving average price of $215.73. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

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

Dover Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird set a $270.00 target price on shares of Dover in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Oppenheimer upped their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 target price 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 stock. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover 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.