In this article, we will be looking at the 5 best stocks to buy with 50+ years of dividend increases. If you want to see our detailed analysis of dividend investing, you can go directly to the 10 Best Stocks to Buy With 50+ Years of Dividend Increases.
5. Dover Corporation (NYSE:DOV)
Number of Hedge Fund Holders: 26
Number of Years of Consistent Dividend Growth: 65
Dividend Yield: 1.3%
Dover Corporation (NYSE: DOV) provides equipment and components, consumable suppliers, software and digital solutions, and other products and services across the globe. It ranks 5th on our list of the best stocks to buy with 50+ years of dividend increases.
This July Deutsche Bank raised its price target on Dover Corporation (NYSE: DOV) from $150 to $167, keeping a Hold rating on the shares. Analyst Nicole Deblase has commented that another earnings beat is expected from industrial names this quarter.
In the first quarter of 2021, Dover Corporation (NYSE: DOV) had an EPS of $1.81, beating estimates by $0.34. The company’s revenue was $1.87 billion, up 12.80% year over year and beating estimates by $135.10 million. Dover Corporation (NYSE: DOV) has also gained 21.64% in the past 6 months and 25.19% year to date.
By the end of the first quarter of 2021, 26 hedge funds out of the 866 tracked by Insider Monkey held stakes in Dover Corporation (NYSE: DOV) worth roughly $639 million. This is compared to 32 hedge funds in the previous quarter with a total stake value of about $738 million.