NewEdge Wealth LLC Raises Stake in Dover Corporation $DOV

NewEdge Wealth LLC boosted its stake in shares of Dover Corporation (NYSE:DOV) by 84.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,036 shares of the industrial products company’s stock after buying an additional 2,762 shares during the quarter. NewEdge Wealth LLC’s holdings in Dover were worth $1,258,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DOV. Bank of New York Mellon Corp boosted its stake in Dover by 174.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after acquiring an additional 1,830,722 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Dover by 179.7% during the 4th quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock worth $489,900,000 after purchasing an additional 1,612,159 shares during the last quarter. Norges Bank purchased a new stake in shares of Dover during the 4th quarter worth approximately $275,907,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Dover in the 4th quarter worth approximately $151,473,000. Finally, Auto Owners Insurance Co lifted its stake in Dover by 19,424.0% in the fourth quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock valued at $14,866,000 after purchasing an additional 757,536 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.1%

Dover stock opened at $202.45 on Monday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $215.49 and a 200 day simple moving average of $215.51.

Dover (NYSE:DOV) last issued its 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 business had revenue of $2.19 billion for 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 revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts predict that Dover Corporation will post 10.66 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s payout ratio is presently 25.06%.

Analyst Ratings Changes

Several equities analysts have weighed in on DOV shares. Seaport Research Partners increased their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday. Royal Bank Of Canada dropped their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Oppenheimer boosted their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $238.29.

Key Stories Impacting Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

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.