Northwestern Mutual Wealth Management Co. Sells 187,857 Shares of Dover Corporation $DOV

Northwestern Mutual Wealth Management Co. lowered its position in Dover Corporation (NYSE:DOV) by 88.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,192 shares of the industrial products company’s stock after selling 187,857 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dover were worth $4,723,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Phoenix Financial Ltd. bought a new stake in shares of Dover in the 4th quarter valued at $208,000. Cornerstone Wealth Management LLC boosted its stake in shares of Dover by 1.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 30,241 shares of the industrial products company’s stock worth $5,904,000 after buying an additional 353 shares during the last quarter. Leeward Investments LLC MA boosted its stake in shares of Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after buying an additional 10,377 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Dover by 28.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 8,156 shares of the industrial products company’s stock worth $1,592,000 after buying an additional 1,788 shares during the last quarter. Finally, Grey Ledge Advisors LLC acquired a new stake in Dover in the 4th quarter valued at about $223,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE:DOV opened at $210.10 on Friday. 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. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. The company’s 50 day simple moving average is $214.58 and its 200 day simple moving average is $207.02.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $2.05 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts predict that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley set a $210.00 target price on shares of Dover in a report on Wednesday, February 4th. Oppenheimer raised their target price on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $237.36.

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.