Pictet Asset Management Holding SA Lowers Stake in Dover Corporation $DOV

Key Points

• Pictet Asset Management trimmed its stake in Dover by 7.8%, selling 7,338 shares and ending the quarter with 86,774 shares worth about $16.94 million.
• Significant insider selling: CEO Richard J. Tobin sold 76,997 shares for roughly $17.9 million, and insiders sold 82,497 shares (≈$19.2M) over the past 90 days.
• Quarterly results and outlook: Dover reported $2.28 EPS (beat by $0.01) but missed revenue at $2.05B versus $2.19B expected; revenue was up 10.1% YoY and FY2026 EPS guidance is $10.45–$10.65 (analysts expect $10.64).

Pictet Asset Management Holding SA lessened its holdings in Dover Corporation (NYSE:DOV - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,774 shares of the industrial products company's stock after selling 7,338 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Dover worth $16,942,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Dover during the third quarter valued at $25,000. Tompkins Financial Corp grew its stake 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 worth $30,000 after acquiring an additional 77 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 114 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Dover by 36.2% in the 4th quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company's stock worth $46,000 after purchasing an additional 63 shares during the last quarter. Finally, Dorato Capital Management bought a new position in Dover in the 4th quarter worth about $53,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of DOV stock opened at $225.92 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $216.25 and a 200-day moving average price of $202.62. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The firm has a market capitalization of $30.42 billion, a PE ratio of 28.17, a P/E/G ratio of 1.72 and a beta of 1.21.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, February 27th. Dover's dividend payout ratio is 25.94%.

Insider Activity at Dover

In other news, CEO Richard J. Tobin sold 76,997 shares of the company's 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 completion of the sale, the chief executive officer owned 217,979 shares of the company's stock, valued at $50,723,713.30. This represents a 26.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 72,188 shares in the company, valued at $16,836,407.24. This trade represents a 5.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 82,497 shares of company stock worth $19,196,277. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DOV has been the subject of a number of analyst reports. Morgan Stanley set a $210.00 price objective on shares of Dover in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Wells Fargo & Company raised shares of Dover from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Citigroup reaffirmed a "buy" rating on shares of Dover in a research report on Friday, April 24th. Finally, Weiss Ratings raised Dover from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Dover has an average rating of "Moderate Buy" and a consensus target price of $237.36.

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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