Dover Corporation $DOV Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in Dover Corporation (NYSE:DOV) by 42.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 12,641 shares of the industrial products company’s stock after selling 9,154 shares during the period. AlphaQuest LLC’s holdings in Dover were worth $2,109,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Dover by 1.4% during the second quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock worth $3,036,722,000 after acquiring an additional 231,146 shares during the last quarter. State Street Corp lifted its stake in shares of Dover by 2.7% during the 2nd quarter. State Street Corp now owns 6,447,149 shares of the industrial products company’s stock worth $1,181,311,000 after purchasing an additional 171,934 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dover by 1.0% during the second quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock worth $629,996,000 after purchasing an additional 33,539 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Dover by 10.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,376,279 shares of the industrial products company’s stock valued at $435,406,000 after purchasing an additional 227,653 shares during the period. Finally, First Trust Advisors LP increased its stake in Dover by 717.4% in the second quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock valued at $314,470,000 after purchasing an additional 1,506,288 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a report on Friday. Oppenheimer boosted their price objective on shares of Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and set a $224.00 price objective on shares of Dover in a report on Saturday. Wells Fargo & Company lifted their target price on Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.67.

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Q4 results beat expectations — Dover reported $2.51 EPS (toppling the $2.48 consensus) and revenue (~$2.10B) rose ~8.8% y/y, with margins and bookings improving; this confirms accelerating organic growth. Read More.
• Positive Sentiment: Data‑center demand helped results — management cited strong demand for AI/data‑center liquid‑cooling products as a driver of Q4 profit growth, signaling exposure to a higher‑growth end market. Read More.
• Positive Sentiment: New product launch supports long‑term end markets — SWEP (a Dover business) introduced an all‑stainless heat‑exchanger product aimed at electronics/semiconductor cooling, strengthening product exposure to secular trends. Read More.
• Neutral Sentiment: Analyst action mixed — Wells Fargo nudged its price target to $210 from $205 but kept an “equal weight” rating, a modest positive on valuation but not a bullish endorsement. Read More.
• Neutral Sentiment: Investor materials available — Management hosted the Q4 call and published the press release and slide deck (useful for digging into segment dynamics, margin drivers and backlog details). Read More.
• Negative Sentiment: FY‑2026 guidance slightly soft on EPS — Dover guided EPS to $10.45–$10.65 vs. a consensus near $10.62; the lower end of the range and tightness around consensus likely disappointed some investors and capped upside given the beat elsewhere.
• Negative Sentiment: Market caution — some commentators urged patience ahead of the quarter (e.g., cautious take from commentators like Jim Cramer), contributing to muted investor reaction despite the beat. Read More.

Insider Activity at Dover

In other Dover 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 in the company, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by corporate insiders.

Dover Trading Down 0.5%

Dover stock opened at $201.57 on Friday. The company has a market cap of $27.64 billion, a P/E ratio of 25.39, a PEG ratio of 1.41 and a beta of 1.31. The firm’s 50-day moving average is $198.14 and its 200-day moving average is $183.98. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 1.79.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $2.20 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 12.79%.

About Dover

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.