Strs Ohio Buys 8,106 Shares of Dover Corporation $DOV

Strs Ohio raised its stake in Dover Corporation (NYSE:DOV) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 276,348 shares of the industrial products company’s stock after acquiring an additional 8,106 shares during the quarter. Strs Ohio’s holdings in Dover were worth $53,954,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. LVZ Inc. grew its stake in Dover by 14.4% in the fourth quarter. LVZ Inc. now owns 2,873 shares of the industrial products company’s stock valued at $561,000 after purchasing an additional 362 shares in the last quarter. Composition Wealth LLC bought a new position in Dover in the fourth quarter valued at approximately $240,000. PFA Pension Forsikringsaktieselskab bought a new position in Dover in the fourth quarter valued at approximately $24,816,000. Horizon Investments LLC grew its stake in Dover by 1.5% in the fourth quarter. Horizon Investments LLC now owns 4,879 shares of the industrial products company’s stock valued at $953,000 after purchasing an additional 72 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake in Dover by 1.5% in the fourth quarter. Mutual Advisors LLC now owns 4,222 shares of the industrial products company’s stock valued at $824,000 after purchasing an additional 63 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DOV shares. JPMorgan Chase & Co. raised their price target on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Seaport Research Partners raised their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $224.00 target price on shares of Dover in a research note on Saturday, January 31st. Robert W. Baird lifted their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average price target of $237.36.

Dover Stock Performance

Shares of NYSE DOV opened at $225.92 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.32 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 stock has a 50 day moving average of $216.25 and a 200-day moving average of $202.62. The company has a market capitalization of $30.42 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.72 and a beta of 1.21.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the company posted $2.05 EPS. The firm’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. As a group, equities research analysts predict that Dover Corporation will post 10.64 EPS for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Insider Buying and Selling

In related news, VP Girish Juneja sold 1,500 shares of Dover stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president directly owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the sale, the senior vice president directly owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,497 shares of company stock valued at $19,196,277. Insiders own 1.10% of the company’s stock.

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.