Dover Corporation $DOV Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its holdings in Dover Corporation (NYSE:DOV) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 155,797 shares of the industrial products company’s stock after selling 2,753 shares during the quarter. Welch & Forbes LLC’s holdings in Dover were worth $25,992,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Cornerstone Wealth Management LLC boosted its holdings in Dover by 4.5% in the third quarter. Cornerstone Wealth Management LLC now owns 29,888 shares of the industrial products company’s stock valued at $4,986,000 after purchasing an additional 1,287 shares during the period. Arizona State Retirement System raised its position in Dover by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 40,562 shares of the industrial products company’s stock valued at $6,767,000 after purchasing an additional 502 shares in the last quarter. Atlantic Private Wealth LLC purchased a new position in shares of Dover in the 3rd quarter valued at about $143,000. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of Dover by 8.3% during the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 2,605 shares of the industrial products company’s stock worth $435,000 after buying an additional 200 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Dover by 11.7% during the third quarter. TD Waterhouse Canada Inc. now owns 8,209 shares of the industrial products company’s stock worth $1,366,000 after buying an additional 857 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This trade represents a 38.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the sale, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Dover Stock Down 0.5%

DOV opened at $201.57 on Friday. Dover Corporation has a one year low of $143.04 and a one 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. The stock has a market capitalization of $27.64 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. The business’s 50-day simple moving average is $198.14 and its 200-day simple moving average is $183.98.

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

Dover Announces Dividend

The firm also recently declared 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 was Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is currently 12.79%.

Dover News Roundup

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.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their target price on Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Barclays lifted their price target on Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.67.

Dover Company 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.