Munich Reinsurance Co Stock Corp in Munich Acquires 18,780 Shares of Dover Corporation $DOV

Key Points

• Munich Re increased its stake in Dover by 1,420.6% in Q4, buying 18,780 shares and now holding 20,102 shares worth about $3.98 million.
• Company insiders sold a total of 82,497 shares in the last three months — including CEO Richard J. Tobin's sale of 76,997 shares for about $17.9 million — leaving insiders with 1.10% ownership.
• Dover beat Q1 EPS expectations at $2.28 (vs. $2.27) but missed revenue ($2.05B vs. $2.19B); it issued FY‑2026 EPS guidance of $10.45–$10.65 and holds a consensus analyst rating of "Moderate Buy" with an average target of about $237.36 (some targets up to $279).

Munich Reinsurance Co Stock Corp in Munich grew its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 1,420.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,102 shares of the industrial products company's stock after purchasing an additional 18,780 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in Dover were worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Dover by 1.3% in the 3rd quarter. State Street Corp now owns 6,533,361 shares of the industrial products company's stock valued at $1,089,961,000 after buying an additional 86,212 shares during the last quarter. Wellington Management Group LLP grew its stake in Dover by 16.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company's stock valued at $355,458,000 after buying an additional 294,856 shares during the last quarter. Franklin Resources Inc. grew its stake in Dover by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company's stock valued at $277,656,000 after buying an additional 193,878 shares during the last quarter. Fisher Asset Management LLC grew its stake in Dover by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,633,133 shares of the industrial products company's stock valued at $272,456,000 after buying an additional 67,588 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Dover by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,551,013 shares of the industrial products company's stock valued at $258,750,000 after buying an additional 112,981 shares during the last quarter. Institutional investors own 84.46% of the company's stock.

Insider Transactions at Dover

In other news, VP Girish Juneja sold 1,500 shares of the firm's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president directly owned 8,422 shares of the company's stock, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares of the company's stock, valued at $50,723,713.30. The trade was a 26.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 82,497 shares of company stock valued at $19,196,277. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

DOV has been the topic of several research analyst reports. The Goldman Sachs Group restated a "buy" rating and issued a $224.00 price target on shares of Dover in a research report on Saturday, January 31st. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research report on Saturday. Oppenheimer raised their price target on shares of Dover from $242.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup restated a "buy" rating on shares of Dover in a research report on Friday. Finally, Robert W. Baird raised their price target on shares of Dover from $255.00 to $279.00 and gave the stock an "outperform" rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $237.36.

Trending Headlines about Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Robert W. Baird raised its price target to $279 and assigned an "outperform" rating, implying ~24% upside vs. the current price — a bullish signal from a major shop. Article Title
• Positive Sentiment: BMO Capital Markets lifted its target to $250 with a "market perform" rating, signaling additional analyst support for the stock. Article Title
• Positive Sentiment: Dover reported Q1 EPS of $2.28, narrowly beating consensus ($2.27) and showing 10% revenue growth year‑over‑year; the company provided FY‑2026 EPS guidance of $10.45–$10.65, roughly in line with Street estimates — supports the view of durable profitability. Dover Reports First Quarter 2026 Results
• Neutral Sentiment: Dover said there are no material changes to its 2025 risk profile and directed investors to its prior 10‑K — a routine regulatory clarification rather than new operational news. Announcement
• Neutral Sentiment: Earnings materials, slide deck and full call transcript have been released — useful for modeling and management commentary but not a surprise. Slide Deck Call Transcript
• Neutral Sentiment: Analyst/modeling pieces (Zacks, others) updated FY forecasts, which investors will use to re‑rate multiples — informational but incremental. Zacks Research
• Negative Sentiment: Revenue missed expectations: Q1 sales were $2.05B vs. analyst estimates near $2.19B, and FY revenue guidance ($8.5–$8.7B) sits around consensus — the top‑line softness likely pressured the stock despite the EPS beat. Earnings Release

Dover Price Performance

NYSE:DOV opened at $224.96 on Friday. The company has a 50-day moving average of $216.84 and a 200-day moving average of $200.91. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.75 and a beta of 1.25. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion during 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 18.00%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts anticipate that Dover Corporation will post 10.55 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 27th. Dover's dividend payout ratio (DPR) is presently 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.

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