Dover Corporation $DOV Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in Dover Corporation (NYSE:DOV) by 11.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,894 shares of the industrial products company’s stock after selling 3,175 shares during the period. Segall Bryant & Hamill LLC’s holdings in Dover were worth $4,981,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management acquired a new stake in Dover during the fourth quarter worth $26,000. MV Capital Management Inc. acquired a new stake in Dover during the fourth quarter worth $29,000. Financial Life Planners purchased a new stake in Dover in the first quarter valued at $31,000. Finally, Leonteq Securities AG purchased a new position in shares of Dover during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $205.74 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a market cap of $27.71 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.56 and a beta of 1.16. The stock has a 50-day moving average of $214.79 and a two-hundred day moving average of $215.56. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.06%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Barclays boosted their price target on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

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.