California Public Employees Retirement System Sells 4,311 Shares of Dover Corporation $DOV

California Public Employees Retirement System lessened its position in Dover Corporation (NYSE:DOV) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,904 shares of the industrial products company’s stock after selling 4,311 shares during the quarter. California Public Employees Retirement System’s holdings in Dover were worth $51,467,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Reflection Asset Management bought a new stake in shares of Dover in the fourth quarter worth $26,000. MV Capital Management Inc. bought a new stake in shares of Dover in the fourth quarter worth $29,000. Tompkins Financial Corp boosted its holdings in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Financial Life Planners bought a new position in Dover in the first quarter valued at $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $209.64 on Tuesday. The company has a fifty day moving average price of $216.09 and a two-hundred day moving average price of $215.24. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock has a market cap of $28.23 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.63 and a beta of 1.16. 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 released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. Dover’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts predict that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Seaport Research Partners lifted their price target 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. BMO Capital Markets increased their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Oppenheimer lifted their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Barclays increased their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.