Wolverine Asset Management LLC Takes $2.44 Million Position in Dover Corporation $DOV

Key Points

• Wolverine Asset Management opened a new position in Dover, buying 12,500 shares worth approximately $2.44 million during Q4.
• Institutional investors own 84.46% of the stock, with major funds (AQR, Qube, Wellington) significantly adding to positions, and analysts hold a consensus "Moderate Buy" rating with a $237.36 average price target.
• Dover reported $2.28 EPS (beat by $0.01) but missed revenue expectations, issued FY2026 guidance of 10.45–10.65 EPS, and saw notable insider selling—CEO Richard Tobin sold 76,997 shares.

Wolverine Asset Management LLC bought a new stake in Dover Corporation (NYSE:DOV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,500 shares of the industrial products company's stock, valued at approximately $2,440,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOV. AQR Capital Management LLC grew its holdings in Dover by 912.9% during the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company's stock worth $144,572,000 after acquiring an additional 711,471 shares during the period. Qube Research & Technologies Ltd grew its holdings in Dover by 65.2% during the third quarter. Qube Research & Technologies Ltd now owns 1,317,787 shares of the industrial products company's stock worth $219,846,000 after acquiring an additional 520,211 shares during the period. Wellington Management Group LLP grew its holdings in Dover by 16.1% during the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company's stock worth $355,458,000 after acquiring an additional 294,856 shares during the period. Voloridge Investment Management LLC grew its holdings in Dover by 667.2% during the third quarter. Voloridge Investment Management LLC now owns 327,155 shares of the industrial products company's stock worth $54,579,000 after acquiring an additional 284,514 shares during the period. Finally, Bank of Montreal Can grew its holdings in Dover by 247.0% during the third quarter. Bank of Montreal Can now owns 380,326 shares of the industrial products company's stock worth $63,450,000 after acquiring an additional 270,732 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DOV shares. Morgan Stanley set a $210.00 price objective on Dover in a report on Wednesday, February 4th. Wells Fargo & Company raised Dover from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Wall Street Zen raised Dover from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dover presently has a consensus rating of "Moderate Buy" and a consensus price target of $237.36.

Dover Stock Down 2.2%

Dover stock opened at $220.85 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm has a market capitalization of $29.74 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The stock's fifty day moving average is $216.25 and its two-hundred day moving average is $203.19.

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

Dover Announces Dividend

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

Insider Buying and Selling

In other Dover 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 value of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares in the company, valued at approximately $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 accessible through this link. Also, VP Girish Juneja sold 1,500 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 82,497 shares of company stock worth $19,196,277. 1.10% of the stock is owned by corporate insiders.

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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