Triton Financial Group Inc Takes $1.88 Million Position in Dover Corporation $DOV

Triton Financial Group Inc purchased a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,367 shares of the industrial products company’s stock, valued at approximately $1,877,000. Dover accounts for approximately 1.1% of Triton Financial Group Inc’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its stake in Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Dover in the fourth quarter worth about $26,000. Clearstead Trust LLC purchased a new position in shares of Dover in the second quarter worth approximately $30,000. MV Capital Management Inc. acquired a new stake in shares of Dover during the fourth quarter valued at approximately $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Dover during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $201.90 on Friday. The company’s 50 day moving average price is $211.17 and its 200 day moving average price is $215.24. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a market capitalization of $27.19 billion, a PE ratio of 24.33, a PEG ratio of 1.55 and a beta of 1.16. 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 (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts expect that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company 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 dividend of $0.525 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st. Dover’s dividend payout ratio is 25.30%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DOV. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and cut their target price for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley raised their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Finally, Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.29.

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.