Dover Corporation $DOV Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in Dover Corporation (NYSE:DOV) by 41.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,878 shares of the industrial products company’s stock after selling 3,489 shares during the period. Sterling Capital Management LLC’s holdings in Dover were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. Wesbanco Bank Inc. purchased a new position in shares of Dover during the 1st quarter worth $3,013,000. GHP Investment Advisors Inc. increased its position in shares of Dover by 492.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 7,292 shares of the industrial products company’s stock worth $1,520,000 after purchasing an additional 6,061 shares during the last quarter. OLD National Bancorp IN raised its holdings in Dover by 5.3% in the 1st quarter. OLD National Bancorp IN now owns 1,446 shares of the industrial products company’s stock valued at $301,000 after buying an additional 73 shares during the period. Louisiana State Employees Retirement System acquired a new position in Dover in the first quarter valued at about $1,438,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in Dover by 22.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,356 shares of the industrial products company’s stock valued at $491,000 after buying an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent analyst reports. 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 report on Tuesday, April 28th. Morgan Stanley increased their price objective on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Oppenheimer lifted their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Trading Up 0.1%

NYSE DOV opened at $224.25 on Wednesday. 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 firm has a market cap of $30.20 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.71 and a beta of 1.17. The firm has a 50 day simple moving average of $218.65 and a 200-day simple moving average of $213.74. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

Dover (NYSE:DOV) last announced its earnings results 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business 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 was Friday, May 29th. Dover’s dividend payout ratio (DPR) is presently 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.