4,592 Dover Corporation $DOV Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lowered its position in shares of Dover Corporation (NYSE:DOV) by 46.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,241 shares of the industrial products company’s stock after selling 4,592 shares during the period. WealthPlan Investment Management LLC’s holdings in Dover were worth $980,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Dover during the second quarter worth about $2,347,134,000. Bank of New York Mellon Corp raised its holdings in Dover by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock valued at $631,806,000 after buying an additional 150,319 shares during the last quarter. Bank of America Corp DE acquired a new stake in Dover during the 2nd quarter worth approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dover by 2.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company’s stock worth $217,433,000 after buying an additional 20,590 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Dover during the 2nd quarter worth approximately $211,269,000. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DOV. Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company began coverage on shares of Dover in a report on Thursday, September 24th. They set an “overweight” rating and a $229.00 price target on the stock. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Robert W. Baird set a $270.00 price objective on Dover in a report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average target price of $237.93.

Dover Price Performance

Dover stock opened at $193.99 on Friday. The stock’s 50 day moving average is $194.76 and its 200 day moving average is $207.94. Dover Corporation has a one year low of $163.33 and a one year high of $237.54. The firm has a market cap of $26.13 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating 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 business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts expect that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, August 31st. Dover’s dividend payout ratio is currently 25.30%.

About Dover

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.