Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Dover Co. NYSE: DOV. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Dover stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
- Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
Dover Trading Up 0.8 %
DOV stock traded up $1.40 on Friday, hitting $176.08. 1,351,254 shares of the company were exchanged, compared to its average volume of 972,181. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The business's fifty day moving average is $171.73 and its two-hundred day moving average is $188.32.
Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. As a group, research analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.
Dover Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover's dividend payout ratio is presently 12.41%.
Institutional Trading of Dover
Institutional investors and hedge funds have recently bought and sold shares of the company. Ecofi Investissements SA increased its stake in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock valued at $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management grew its position in shares of Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after buying an additional 52 shares during the last quarter. ORG Partners LLC raised its stake in Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock worth $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. lifted its holdings in Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock worth $367,000 after acquiring an additional 59 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its stake in Dover by 0.8% in the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock valued at $1,515,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.
Analyst Ratings Changes
DOV has been the topic of several research reports. Morgan Stanley assumed coverage on shares of Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $176.00 price objective on shares of Dover in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.33.
Read Our Latest Report on Dover
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Dover
(
Get Free Report)
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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