Dover Corporation $DOV Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its position in shares of Dover Corporation (NYSE:DOV) by 29.8% in the first quarter, Holdings Channel reports. The institutional investor owned 7,719 shares of the industrial products company’s stock after selling 3,278 shares during the quarter. WealthPLAN Partners LLC’s holdings in Dover were worth $1,609,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Dover in the third quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its stake in shares of Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management purchased a new position in shares of Dover during the 4th quarter worth $26,000. MV Capital Management Inc. purchased a new stake in Dover in the 4th quarter valued at about $29,000. Finally, Tompkins Financial Corp raised its holdings in Dover by 102.7% in the 4th 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 during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.3%

DOV opened at $214.16 on Wednesday. The business has a fifty day moving average price of $217.88 and a 200 day moving average price of $214.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.63 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned $2.05 EPS. Dover’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is currently 25.94%.

Analyst Ratings Changes

A number of brokerages have weighed in on DOV. Robert W. Baird lifted their price target on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, BMO Capital Markets boosted their price target on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $239.85.

Dover 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.