Brown Advisory Inc. Reduces Stock Holdings in Dover Corporation $DOV

Brown Advisory Inc. reduced its holdings in shares of Dover Corporation (NYSE:DOV) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,260 shares of the industrial products company’s stock after selling 2,789 shares during the period. Brown Advisory Inc.’s holdings in Dover were worth $50,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DOV. Brighton Jones LLC grew its stake in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 last quarter. Empowered Funds LLC boosted its stake in shares of Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Dover in the second quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dover in the second quarter worth about $1,030,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 target price on shares of Dover in a report on Friday, April 24th. Finally, Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

Dover Trading Down 0.2%

Shares of Dover stock opened at $217.07 on Monday. The firm has a market capitalization of $29.23 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.66 and a beta of 1.17. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The stock has a 50 day moving average of $216.04 and a 200 day moving average of $210.72.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period 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 earnings per share for the current year.

Dover Announces Dividend

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

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.