Strs Ohio Has $53.95 Million Stake in Dover Corporation $DOV

Key Points

• Strs Ohio raised its stake in Dover to 276,348 shares (a 3.0% increase), now owning $53.95 million or 0.20% of the company per its latest 13F filing.
• Dover reported quarterly EPS of $2.28 (beat by $0.01) on revenue of $2.05B (below estimates), issued FY2026 guidance of $10.45–$10.65 EPS, and holds a consensus "Moderate Buy" with an average target of $237.36.
• Insiders have been net sellers recently: CEO Richard Tobin sold 76,997 shares for about $17.9 million, and insiders sold 82,497 shares totaling roughly $19.2 million over the past three months.

Strs Ohio raised its stake in Dover Corporation (NYSE:DOV - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,348 shares of the industrial products company's stock after buying an additional 8,106 shares during the quarter. Strs Ohio owned 0.20% of Dover worth $53,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Dover in the third quarter valued at about $25,000. Tompkins Financial Corp lifted its stake in 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 period. Westside Investment Management Inc. lifted its stake in 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 period. Torren Management LLC acquired a new position in Dover in the fourth quarter valued at about $45,000. Finally, N.E.W. Advisory Services LLC lifted its stake in Dover by 36.2% in the fourth quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company's stock valued at $46,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.2%

NYSE DOV opened at $225.92 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm has a market cap of $30.42 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.72 and a beta of 1.21. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock's 50-day moving average is $216.25 and its 200-day moving average is $202.62.

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

Dover Announces Dividend

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

Analyst Upgrades and Downgrades

DOV has been the topic of several analyst reports. Barclays increased their target price on Dover from $206.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, April 24th. Oppenheimer increased their target price on Dover from $242.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Wells Fargo & Company raised Dover from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $224.00 price target on shares of Dover in a research report on Saturday, January 31st. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $237.36.

Insider Buying and Selling

In related news, CEO Richard J. Tobin sold 76,997 shares of the 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 completion of the transaction, the chief executive officer directly owned 217,979 shares in the company, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the transaction, the senior vice president owned 72,188 shares of the company's stock, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 82,497 shares of company stock worth $19,196,277. 1.10% of the stock is owned by corporate insiders.

Dover 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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