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

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 Price Performance

Shares of NYSE DOV traded down $1.54 during midday trading on Friday, reaching $171.26. The stock had a trading volume of 1,492,689 shares, compared to its average volume of 822,115. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a 50-day moving average of $179.67 and a 200-day moving average of $177.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95.

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

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.52 dividend. The ex-dividend date was Friday, August 29th. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Dover's dividend payout ratio (DPR) is currently 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Barclays boosted their target price on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Mizuho lifted their price target on shares of Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Royal Bank Of Canada boosted their price target on shares of Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.92.

Hedge Funds Weigh In On Dover

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,128 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Dover by 12.7% during the 4th quarter. Cetera Investment Advisers now owns 27,120 shares of the industrial products company's stock worth $5,088,000 after acquiring an additional 3,048 shares during the last quarter. Focus Partners Wealth boosted its holdings in Dover by 10.2% during the 4th quarter. Focus Partners Wealth now owns 6,792 shares of the industrial products company's stock valued at $1,415,000 after acquiring an additional 629 shares during the period. Hudson Bay Capital Management LP bought a new position in Dover in the 4th quarter valued at $2,347,000. Finally, Janus Henderson Group PLC increased its stake in Dover by 46.5% in the fourth quarter. Janus Henderson Group PLC now owns 28,075 shares of the industrial products company's stock worth $5,270,000 after purchasing an additional 8,905 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

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.

About Dover

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.