Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,618 shares of the industrial products company's stock after selling 19,415 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Dover worth $25,021,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Dover by 1.3% in the third quarter. State Street Corp now owns 6,533,361 shares of the industrial products company's stock worth $1,089,961,000 after purchasing an additional 86,212 shares during the period. Wellington Management Group LLP raised its position in shares of Dover by 16.1% during 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 purchasing an additional 294,856 shares during the period. Franklin Resources Inc. lifted its stake in shares of Dover by 13.2% during 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 in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Dover by 4.3% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $258,750,000 after buying an additional 112,981 shares during the period. Institutional investors own 84.46% of the company's stock.
Insiders Place Their Bets
In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the sale, the senior vice president owned 72,188 shares of the company's stock, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,497 shares of company stock valued at $19,196,277 in the last quarter. 1.10% of the stock is currently owned by insiders.
Dover Stock Performance
Shares of NYSE DOV opened at $228.50 on Friday. The company has a market cap of $30.80 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.66 and a beta of 1.25. Dover Corporation has a 52-week low of $158.14 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. The firm's fifty day moving average is $216.98 and its two-hundred day moving average is $200.51.
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, beating the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The business's 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, analysts anticipate that Dover Corporation will post 10.54 EPS for the current fiscal 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 issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, February 27th. Dover's dividend payout ratio (DPR) is currently 26.20%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DOV shares. JPMorgan Chase & Co. raised their price target on Dover from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Morgan Stanley set a $210.00 price objective on Dover in a research note on Wednesday, February 4th. 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. Oppenheimer lifted their target price on Dover from $232.00 to $242.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Wells Fargo & Company raised Dover from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $233.08.
Read Our Latest Report on Dover
Dover Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dover, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dover wasn't on the list.
While Dover currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report