Concurrent Investment Advisors LLC Reduces Holdings in Dover Corporation $DOV

Concurrent Investment Advisors LLC decreased its position in shares of Dover Corporation (NYSE:DOV) by 52.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,451 shares of the industrial products company’s stock after selling 2,656 shares during the period. Concurrent Investment Advisors LLC’s holdings in Dover were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DOV. Brighton Jones LLC raised its position in Dover by 62.1% in the 4th 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares during the period. Empowered Funds LLC lifted its stake in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dover during the 2nd quarter valued at $488,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Dover by 115.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 33,618 shares of the industrial products company’s stock valued at $6,341,000 after acquiring an additional 17,979 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the transaction, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at $474,960.12. The trade was a 38.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $201.32 on Wednesday. The company has a market cap of $27.61 billion, a PE ratio of 12.38, a P/E/G ratio of 1.44 and a beta of 1.31. The firm’s 50 day moving average price is $194.15 and its 200-day moving average price is $182.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 23rd. The industrial products company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. Dover had a return on equity of 17.62% and a net margin of 28.37%.Dover’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. Sell-side analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s payout ratio is 12.79%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $199.00 target price on shares of Dover in a research report on Thursday, January 15th. Oppenheimer lifted their price objective on shares of Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Finally, Robert W. Baird set a $235.00 price target on Dover in a report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.09.

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.