Rep. James Comer Sells Off Shares of Dover Corporation (NYSE:DOV)

Key Points

• Representative James Comer sold shares of Dover Corporation (NYSE:DOV) valued between $1,001 and $15,000 on July 3rd.
• Dover recently reported earnings of $2.44 per share, surpassing analyst expectations, with a revenue of $2.05 billion for the quarter.
• The company has announced a quarterly dividend of $0.52, reflecting a 1.2% yield and an increase from the previous dividend.

Representative James Comer (R-Kentucky) recently sold shares of Dover Corporation NYSE: DOV. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Dover stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Churchill Downs NASDAQ: CHDN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/3/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 7/3/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Marvell Technology NASDAQ: MRVL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of VeriSign NASDAQ: VRSN on 7/3/2025.

Dover Stock Performance

Dover stock traded down $2.89 during mid-day trading on Friday, reaching $176.51. 620,594 shares of the company's stock were exchanged, compared to its average volume of 1,066,788. The business's fifty day simple moving average is $182.36 and its 200 day simple moving average is $181.80. The firm has a market capitalization of $24.20 billion, a PE ratio of 10.65, a P/E/G ratio of 1.46 and a beta of 1.26. Dover Corporation has a one year low of $143.04 and a one year high of $222.31. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%. Dover's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $2.36 earnings per share. On average, sell-side analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. This is an increase from Dover's previous quarterly dividend of $0.52. The ex-dividend date is Friday, August 29th. Dover's dividend payout ratio is 12.42%.

Hedge Funds Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOV. Brighton Jones LLC grew 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 in the last quarter. Renaissance Technologies LLC grew its position in Dover by 11.1% during the fourth quarter. Renaissance Technologies LLC now owns 126,500 shares of the industrial products company's stock worth $23,731,000 after buying an additional 12,600 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Dover by 40.8% in the 4th quarter. Advisory Services Network LLC now owns 2,293 shares of the industrial products company's stock worth $430,000 after purchasing an additional 665 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dover in the 4th quarter worth about $30,741,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Dover by 53.7% in the 4th quarter. Sterling Capital Management LLC now owns 8,348 shares of the industrial products company's stock worth $1,566,000 after purchasing an additional 2,916 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the topic of several research reports. Barclays boosted their target price on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their target price on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Robert W. Baird boosted their target price on Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Mizuho boosted their target price on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Finally, Citigroup restated a "buy" rating and issued a $226.00 target price (up from $202.00) on shares of Dover in a research note on Monday, July 14th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $213.92.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.