Hilltop Holdings Inc. Cuts Stock Holdings in Dover Corporation $DOV

Hilltop Holdings Inc. cut its position in shares of Dover Corporation (NYSE:DOV) by 60.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,683 shares of the industrial products company’s stock after selling 2,609 shares during the period. Hilltop Holdings Inc.’s holdings in Dover were worth $351,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOV. GC Wealth Management RIA LLC boosted its stake in shares of Dover by 15.0% during the 1st quarter. GC Wealth Management RIA LLC now owns 3,711 shares of the industrial products company’s stock worth $774,000 after acquiring an additional 485 shares in the last quarter. Keebeck Wealth Management increased its stake in shares of Dover by 41.8% in the 1st quarter. Keebeck Wealth Management now owns 2,564 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 756 shares in the last quarter. State of Wyoming increased its stake in shares of Dover by 138.3% in the 1st quarter. State of Wyoming now owns 3,007 shares of the industrial products company’s stock valued at $627,000 after purchasing an additional 1,745 shares in the last quarter. Cetera Investment Advisers raised its holdings in Dover by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 40,687 shares of the industrial products company’s stock worth $8,481,000 after purchasing an additional 1,925 shares during the period. Finally, NewEdge Wealth LLC boosted its position in Dover by 84.4% during the first quarter. NewEdge Wealth LLC now owns 6,036 shares of the industrial products company’s stock worth $1,258,000 after purchasing an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 1.2%

DOV opened at $203.42 on Wednesday. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company’s 50 day simple moving average is $215.31 and its two-hundred day simple moving average is $215.55. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $2.44 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts expect that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio is presently 25.06%.

Wall Street Analyst Weigh In

Several brokerages have commented on DOV. Royal Bank Of Canada dropped their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Robert W. Baird set a $270.00 target price on Dover in a research report on Friday. Morgan Stanley lifted their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays lifted their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $238.29.

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.