Dover Corporation $DOV Shares Sold by Danske Bank A S

Key Points

• Danske Bank A/S cut its Dover stake by 19.6% in Q4, selling 26,618 shares and now holds 109,140 shares worth $21.3M; institutional investors own 84.46% of the company.
• Dover reported Q earnings of $2.28 EPS (beat by $0.01) but missed revenue expectations ($2.05B vs. $2.19B); management set FY2026 guidance of $10.45–$10.65 EPS and analysts maintain a consensus "Moderate Buy" with a $237.36 target.
• Insiders have been net sellers—82,497 shares valued at $19.2M sold in the last 90 days (including recent sales by a VP and SVP)—leaving insiders with 1.10% ownership.

Danske Bank A S decreased its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,140 shares of the industrial products company's stock after selling 26,618 shares during the period. Danske Bank A S owned 0.08% of Dover worth $21,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in Dover during the third quarter worth approximately $25,000. Tompkins Financial Corp grew its stake 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 buying an additional 77 shares during the period. Westside Investment Management Inc. grew its stake in Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company's stock worth $38,000 after buying an additional 114 shares during the period. Davis Capital Management purchased a new stake in Dover during the third quarter worth approximately $44,000. Finally, Cornerstone Planning Group LLC grew its stake in Dover by 371.4% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company's stock worth $44,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

DOV has been the subject of several research reports. Morgan Stanley set a $210.00 price objective on shares of Dover in a research note on Wednesday, February 4th. BMO Capital Markets boosted 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Citigroup reiterated a "buy" rating on shares of Dover in a research note on Friday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Dover from $255.00 to $279.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Dover has an average rating of "Moderate Buy" and a consensus target price of $237.36.

Insider Activity at Dover

In related news, VP Girish Juneja sold 1,500 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the sale, the vice president directly owned 8,422 shares of the company's stock, valued at $1,943,544.94. This represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the sale, the senior vice president directly owned 72,188 shares in the company, valued at $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,497 shares of company stock valued at $19,196,277 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Dover Trading Down 0.2%

NYSE DOV opened at $225.92 on Friday. The stock has a market cap of $30.42 billion, a P/E ratio of 28.17, a PEG ratio of 1.72 and a beta of 1.21. The company's fifty day simple moving average is $216.25 and its 200-day simple moving average is $202.91. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts predict that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 annualized dividend and a yield of 0.9%. Dover's dividend 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.

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