ProShare Advisors LLC Has $189.62 Million Position in Dover Corporation $DOV

ProShare Advisors LLC boosted its stake in shares of Dover Corporation (NYSE:DOV) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971,202 shares of the industrial products company’s stock after acquiring an additional 50,177 shares during the quarter. ProShare Advisors LLC’s holdings in Dover were worth $189,617,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Dover during the third quarter worth $25,000. Tompkins Financial Corp increased its stake in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after buying an additional 114 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Dover in the fourth quarter valued at $45,000. Finally, N.E.W. Advisory Services LLC increased its stake in shares of Dover by 36.2% in the fourth quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company’s stock valued at $46,000 after buying an additional 63 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DOV. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Morgan Stanley set a $210.00 price objective on Dover in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Oppenheimer lifted their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $237.36.

Insider Transactions at Dover

In related news, CEO Richard J. Tobin sold 76,997 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the completion of the sale, the chief executive officer directly owned 217,979 shares in the company, valued at $50,723,713.30. The trade was a 26.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Dover Stock Down 0.0%

NYSE:DOV opened at $210.72 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The stock’s 50 day moving average price is $214.65 and its two-hundred day moving average price is $206.41.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business 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%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s payout ratio is presently 25.94%.

Dover Company Profile

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.