Commonwealth Equity Services LLC Trims Stake in Dover Corporation $DOV

Commonwealth Equity Services LLC decreased its position in shares of Dover Corporation (NYSE:DOV) by 13.2% during the fourth quarter, Holdings Channel reports. The fund owned 23,961 shares of the industrial products company’s stock after selling 3,650 shares during the period. Commonwealth Equity Services LLC’s holdings in Dover were worth $4,678,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DOV. Brighton Jones LLC raised its holdings in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC lifted its position in Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after acquiring an additional 1,580 shares during the period. Sivia Capital Partners LLC purchased a new position in Dover during the 2nd quarter valued at about $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dover during the 2nd quarter valued at about $1,030,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOV. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price target on shares of Dover in a research report on Friday, April 24th. BMO Capital Markets boosted their price target on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Robert W. Baird boosted their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $238.79.

Dover Stock Up 0.1%

NYSE:DOV opened at $214.93 on Monday. The firm has a market cap of $28.94 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm has a 50-day simple moving average of $214.98 and a two-hundred day simple moving average of $209.43.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts predict that Dover Corporation will post 10.64 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued 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 of this dividend is Friday, May 29th. Dover’s dividend payout ratio is presently 25.94%.

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.