Dover Corporation $DOV Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in Dover Corporation (NYSE:DOV) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 783,506 shares of the industrial products company’s stock after selling 50,323 shares during the quarter. Corient Private Wealth LLC owned about 0.58% of Dover worth $153,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew its holdings in shares of Dover by 19,424.0% during the fourth quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock worth $14,866,000 after buying an additional 757,536 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Dover by 4.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 9,131 shares of the industrial products company’s stock worth $1,784,000 after acquiring an additional 415 shares during the last quarter. SHP Wealth Management acquired a new stake in Dover during the fourth quarter worth approximately $49,000. Employees Provident Fund Board purchased a new stake in Dover in the 4th quarter worth approximately $47,342,000. Finally, Reflection Asset Management acquired a new position in Dover in the 4th quarter valued at $26,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DOV. Robert W. Baird increased their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Morgan Stanley lifted their price target on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, Barclays upped their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.85.

Dover Stock Up 0.0%

Shares of NYSE DOV opened at $223.64 on Friday. The stock has a market capitalization of $30.12 billion, a PE ratio of 27.89, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $217.43 and a 200-day moving average of $211.82. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

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 return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is currently 25.94%.

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.