Teacher Retirement System of Texas Raises Stock Holdings in Dover Corporation $DOV

Key Points

• Teacher Retirement System of Texas increased its Dover stake by 14.3% in Q4 to 91,328 shares, valued at about $17.83 million (≈0.07% of Dover).
• Dover reported Q1 EPS of $2.28, beating consensus by $0.01, but revenue missed at $2.05 billion versus ~$2.19 billion expected; the company set FY2026 EPS guidance of $10.45–$10.65.
• Insiders sold 82,497 shares (~$19.2 million) over the last three months, institutional ownership stands at 84.46%, and analysts give a consensus rating of "Moderate Buy" with an average target of $237.36.

Teacher Retirement System of Texas grew its stake in Dover Corporation (NYSE:DOV - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,328 shares of the industrial products company's stock after acquiring an additional 11,407 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Dover worth $17,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after buying an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company's stock worth $2,526,000 after buying an additional 676 shares during the period. Empowered Funds LLC lifted its position in Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company's stock worth $2,636,000 after buying an additional 1,580 shares during the period. Sivia Capital Partners LLC purchased a new position in Dover during the second quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dover during the second quarter worth about $1,030,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE:DOV opened at $224.96 on Friday. The firm has a market capitalization of $30.32 billion, a PE ratio of 28.05, a P/E/G ratio of 1.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. The business has a 50-day moving average of $216.84 and a two-hundred day moving average of $200.91. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a return on equity of 18.00% and a net margin of 13.30%.The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts forecast that Dover Corporation will post 10.55 earnings per share for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.52 per share. 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%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the senior vice president owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% 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 link. Also, VP Girish Juneja sold 1,500 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the sale, the vice president 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 SEC filing for this sale provides additional information. Insiders sold 82,497 shares of company stock worth $19,196,277 over the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $229.00 target price on shares of Dover in a research report on Friday. Robert W. Baird increased their target price on Dover from $255.00 to $279.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup reiterated a "buy" rating on shares of Dover in a research report on Friday. UBS Group set a $256.00 target price on Dover and gave the stock a "buy" rating in a research report on Sunday, January 4th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $252.00 target price on shares of Dover in a research report on Friday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Dover currently 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

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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