Geneos Wealth Management Inc. Sells 3,570 Shares of Dover Corporation $DOV

Geneos Wealth Management Inc. cut its holdings in Dover Corporation (NYSE:DOV) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,904 shares of the industrial products company’s stock after selling 3,570 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dover were worth $7,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in shares of Dover by 234.2% in the fourth 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 during the last quarter. Reflection Asset Management bought a new stake in shares of Dover during the 4th quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new position in Dover during the 4th quarter worth approximately $29,000. Tompkins Financial Corp lifted its stake in Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Financial Life Planners bought a new position in Dover in the 1st quarter valued at approximately $31,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the topic of a number of research reports. BMO Capital Markets boosted their target price 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Citigroup restated a “buy” rating on shares of Dover in a research report on Friday, April 24th. Oppenheimer upped their target price on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average price target of $241.43.

Dover Price Performance

Shares of NYSE:DOV opened at $217.49 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The firm has a market cap of $29.29 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The firm’s fifty day moving average is $216.41 and its 200-day moving average is $215.05.

Dover (NYSE:DOV) last posted its quarterly earnings data 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

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.