Dover Corporation $DOV Shares Sold by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management reduced its Dover stake by 13.1% in the second quarter, selling 9,202 shares and retaining 61,285 shares valued at approximately $13.7 million. Institutional investors collectively own 84.46% of Dover.
• Dover reported quarterly earnings of $2.74 per share, slightly exceeding estimates, while revenue rose 6.8% year over year to $2.19 billion. The company issued fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover increased its quarterly dividend from $0.52 to $0.525 per share, equivalent to a $2.10 annualized payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.29.

Wedge Capital Management L L P NC lowered its holdings in Dover Corporation (NYSE:DOV - Free Report) by 13.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 61,285 shares of the industrial products company's stock after selling 9,202 shares during the quarter. Wedge Capital Management L L P NC's holdings in Dover were worth $13,745,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DOV. Meeder Asset Management Inc. boosted its holdings in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Reflection Asset Management acquired a new stake in Dover during the fourth quarter worth approximately $26,000. MV Capital Management Inc. purchased a new stake in shares of Dover during the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of Dover during the 1st quarter worth approximately $31,000. Finally, Leonteq Securities AG acquired a new position in shares of Dover in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Trading Down 0.2%

NYSE DOV opened at $207.97 on Thursday. The firm's fifty day moving average is $214.44 and its two-hundred day moving average is $215.74. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The firm has a market cap of $28.01 billion, a PE ratio of 25.06, a P/E/G ratio of 1.58 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $2.44 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is 25.30%.

Wall Street Analysts Forecast Growth

DOV has been the topic of several research analyst reports. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Morgan Stanley upped their price objective on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Robert W. Baird set a $270.00 price objective on Dover in a report on Friday, July 24th. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Finally, Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Dover has an average rating of "Moderate Buy" and an average price target of $238.29.

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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