Dover Corporation $DOV Shares Sold by M&T Bank Corp

Key Points

• M&T Bank Corp trimmed its position in Dover by 36.4%, selling 44,275 shares and leaving 77,470 shares valued at about $15.13 million.
• Insiders sold heavily: CEO Richard Tobin sold 76,997 shares (~$17.9M) and SVP Ivonne Cabrera sold 4,000 shares, with insiders selling 82,497 shares (~$19.2M) over the last quarter and owning just 1.10% of the stock.
• Dover's Q1 showed a slight EPS beat ($2.28 vs. $2.27) but a revenue miss ($2.05B vs. $2.19B); management reaffirmed FY‑2026 guidance (EPS $10.45–$10.65) and the stock has a consensus "Moderate Buy" with a price target near $229.38.

M&T Bank Corp trimmed its holdings in Dover Corporation (NYSE:DOV - Free Report) by 36.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,470 shares of the industrial products company's stock after selling 44,275 shares during the period. M&T Bank Corp owned 0.06% of Dover worth $15,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DOV. Financial Life Planners acquired a new stake in shares of Dover in the third quarter valued at about $25,000. Tompkins Financial Corp raised its position in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company's stock valued at $30,000 after buying an additional 77 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company's stock valued at $38,000 after buying an additional 114 shares during the last quarter. Davis Capital Management acquired a new stake in shares of Dover in the third quarter valued at about $44,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the sale, the chief executive officer owned 217,979 shares of the company's stock, valued at approximately $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,497 shares of company stock worth $19,196,277 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on DOV. Morgan Stanley set a $210.00 price target on Dover in a report on Wednesday, February 4th. Oppenheimer increased their price target on Dover from $232.00 to $242.00 and gave the company an "outperform" rating in a report on Monday. Robert W. Baird set a $255.00 price target on Dover in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $224.00 price target on shares of Dover in a report on Saturday, January 31st. Finally, Citigroup raised their price objective on shares of Dover from $231.00 to $253.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.38.

Dover News Summary

Here are the key news stories impacting Dover this week:

• Positive Sentiment: EPS beat and year-over-year profit growth — Dover reported $2.28 EPS (vs. $2.27 consensus) and EPS rose from $2.05 a year ago; management highlighted solid segment performance that drove double‑digit gains. Dover Q1 Earnings Beat Estimates, Rise Y/Y on Solid Demand
• Positive Sentiment: Management emphasized strong demand and rising bookings on the earnings call, supporting the view that organic end‑market improvement is sustainable. Dover Corporation (DOV) Q1 2026 Earnings Call Transcript
• Positive Sentiment: Analyst support — at least one firm expressed positive outlook/comments on Dover shares after the print, adding to bullish sentiment. Dover NYSE: DOV Stock Price Expected to Rise, Oppenheimer Analyst Says
• Neutral Sentiment: FY‑2026 guidance essentially reaffirmed: EPS guidance set to $10.45–$10.65 and revenue guide about $8.5–$8.7B (roughly in line with Street expectations), which reduces downside surprise risk but limits upside. Dover Reports First Quarter 2026 Results
• Neutral Sentiment: New product/market initiatives (e.g., Waukesha Bearings' NordAlign bearing for wind turbines) support long‑term growth in selected end markets but are unlikely to move near‑term earnings materially. Waukesha Bearings Unveils Innovative NordAlign Bearing for Wind Turbine Main Shafts
• Negative Sentiment: Revenue missed consensus — Q1 revenue was $2.05B vs. ~$2.19B expected, which tempers the EPS beat and highlights continued pressure in some end markets or timing of orders. View Press Release
• Negative Sentiment: Analyst estimates trimmed further out (small cut to FY2028 by Zacks) and guidance midpoint is slightly below some consensus figures, leaving limited near‑term upside if growth slows. Dover Corporation (DOV) Q1 Earnings and Revenues Surpass Estimates

Dover Price Performance

Dover stock opened at $228.50 on Friday. Dover Corporation has a 12-month low of $158.14 and a 12-month high of $237.54. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The stock has a market cap of $30.80 billion, a P/E ratio of 28.78, a PEG ratio of 1.66 and a beta of 1.25. The company has a 50-day moving average price of $216.98 and a 200 day moving average price of $200.51.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.01. Dover had a return on equity of 17.87% and a net margin of 13.52%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts anticipate that Dover Corporation will post 10.54 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.52 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover's payout ratio is currently 26.20%.

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.

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