Hsbc Holdings PLC Sells 103,179 Shares of Dover Corporation $DOV

Hsbc Holdings PLC reduced its position in Dover Corporation (NYSE:DOV) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 896,841 shares of the industrial products company’s stock after selling 103,179 shares during the period. Hsbc Holdings PLC’s holdings in Dover were worth $186,872,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DOV. Meeder Asset Management Inc. raised its stake in Dover by 234.2% in 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 during the period. Reflection Asset Management bought a new position in shares of Dover during the 4th quarter worth approximately $26,000. MV Capital Management Inc. bought a new position in shares of Dover during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Dover during the 1st quarter worth approximately $31,000. Finally, Tompkins Financial Corp raised its stake in Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

DOV opened at $214.04 on Friday. The business has a fifty day simple moving average of $216.30 and a 200 day simple moving average of $215.05. The company has a market capitalization of $28.82 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $2.05 EPS. The company’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. Research analysts expect that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is 25.94%.

Analysts Set New Price Targets

Several brokerages have issued reports on DOV. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Robert W. Baird lifted their target price on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, BMO Capital Markets upped their price target on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $241.43.

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.