Rep. Julie Johnson Sells Dover Corporation (NYSE:DOV) Shares

Key Points

• Representative Julie Johnson sold shares of Dover Corporation (NYSE:DOV) between $1,001 and $15,000 on August 14, as disclosed in a filing on September 11.
• Dover's stock declined by 2.8%, trading at $173.15, with a current market cap of $23.74 billion.
• The company's quarterly dividend was announced at $0.52 per share, with an annualized yield of 1.2%, to be paid on September 15.

Representative Julie Johnson (D-Texas) recently sold shares of Dover Corporation NYSE: DOV. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Dover stock on August 14th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 8/14/2025.

Dover Stock Down 2.8%

Shares of DOV traded down $4.95 during mid-day trading on Friday, reaching $173.15. The company's stock had a trading volume of 1,133,052 shares, compared to its average volume of 817,281. The business has a fifty day moving average of $181.34 and a 200 day moving average of $178.16. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.27. 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 Corporation has a 1 year low of $143.04 and a 1 year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $2.36 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is a positive change from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio is presently 12.55%.

Hedge Funds Weigh In On Dover

Several large investors have recently bought and sold shares of DOV. North Capital Inc. acquired a new stake in Dover during the 1st quarter worth $29,000. AdvisorShares Investments LLC acquired a new position in shares of Dover during the 2nd quarter worth approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dover in the first quarter valued at $31,000. Vermillion & White Wealth Management Group LLC grew its stake in Dover by 122.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company's stock valued at $31,000 after buying an additional 93 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company's stock worth $32,000 after acquiring an additional 60 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on DOV shares. Mizuho raised their target price on shares of Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Citigroup restated a "buy" rating and set a $226.00 price target (up previously from $202.00) on shares of Dover in a research note on Monday, July 14th. Royal Bank Of Canada increased their price objective on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Robert W. Baird increased their target price on shares of Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company lifted their target price on shares of Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.92.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.

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