TD Waterhouse Canada Inc. Sells 7,884 Shares of Dover Corporation $DOV

Key Points

• CEO Richard J. Tobin sold 76,997 shares at an average of $232.70 (≈$17.9M), and insiders have sold 82,497 shares worth $19.2M in the last three months, leaving insiders with about 1.10% ownership.
• TD Waterhouse Canada cut its stake by 96%, selling 7,884 Dover shares in Q4 and retaining just 325 shares valued at roughly $63,000 at period end.
• Dover beat Q results on EPS ($2.28 vs. $2.27) while revenue ($2.05B) missed consensus but rose 10.1% YoY, and the company set FY2026 guidance at 10.45–10.65 EPS with analysts holding a "Moderate Buy" view and an average target of $237.36.

TD Waterhouse Canada Inc. reduced its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 96.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325 shares of the industrial products company's stock after selling 7,884 shares during the period. TD Waterhouse Canada Inc.'s holdings in Dover were worth $63,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Dover during the 3rd quarter valued at approximately $25,000. Tompkins Financial Corp grew its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 77 shares during the period. Westside Investment Management Inc. grew its position in shares of Dover by 100.0% during the 3rd 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 during the period. Davis Capital Management bought a new position in shares of Dover during the 3rd quarter valued at approximately $44,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Dover by 371.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 208 shares during the period. 84.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dover news, CEO Richard J. Tobin sold 76,997 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total value of $17,917,201.90. Following the sale, the chief executive officer directly owned 217,979 shares in the company, 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 SEC, which is available through this hyperlink. 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 sale, the senior vice president owned 72,188 shares in the company, valued at $16,836,407.24. This represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,497 shares of company stock worth $19,196,277 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Dover Stock Up 0.6%

DOV opened at $226.18 on Tuesday. The company has a 50 day moving average of $216.74 and a 200 day moving average of $201.87. The company has a market cap of $30.46 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35.

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 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 during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $2.05 EPS. Dover'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. On average, sell-side analysts expect that Dover Corporation will post 10.57 EPS for the current year.

Dover Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DOV shares. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a research report on Saturday. Oppenheimer raised their price objective on shares of Dover from $242.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday. UBS Group set a $256.00 price objective on shares of Dover and gave the stock a "buy" rating in a report on Sunday, January 4th. JPMorgan Chase & Co. raised their price objective on shares of Dover from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $229.00 price objective on shares of Dover in a report on Friday. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $237.36.

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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