Northwestern Mutual Wealth Management Co. Has $4.72 Million Stock Position in Dover Corporation $DOV

Northwestern Mutual Wealth Management Co. lowered its stake in Dover Corporation (NYSE:DOV) by 88.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,192 shares of the industrial products company’s stock after selling 187,857 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dover were worth $4,723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Dover by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock worth $3,266,951,000 after purchasing an additional 120,341 shares during the period. State Street Corp lifted its holdings in shares of Dover by 1.3% during the third quarter. State Street Corp now owns 6,533,361 shares of the industrial products company’s stock worth $1,089,961,000 after purchasing an additional 86,212 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Dover by 16.1% during the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock worth $355,458,000 after purchasing an additional 294,856 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Dover by 13.2% during the third quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company’s stock worth $277,656,000 after purchasing an additional 193,878 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Dover by 4.3% during the third quarter. Fisher Asset Management LLC now owns 1,633,133 shares of the industrial products company’s stock worth $272,456,000 after purchasing an additional 67,588 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

DOV stock opened at $210.10 on Friday. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.60 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company’s fifty day simple moving average is $214.58 and its 200 day simple moving average is $207.02.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.30% and a return on equity of 18.01%. Dover’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts expect that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Oppenheimer lifted their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $252.00 price target on shares of Dover in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $237.36.

About Dover

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.