Commonwealth Equity Services LLC Sells 3,650 Shares of Dover Corporation $DOV

Commonwealth Equity Services LLC cut its position in shares of Dover Corporation (NYSE:DOV) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,961 shares of the industrial products company’s stock after selling 3,650 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Dover were worth $4,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its stake in shares of Dover by 2.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 52 shares in the last quarter. Tectonic Advisors LLC raised its stake in shares of Dover by 1.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 54 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Dover by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 56 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Dover by 14.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 59 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Dover by 4.1% in the third quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 59 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOV. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research note on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley increased their target price on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. Finally, Barclays increased their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.79.

Dover Stock Up 0.1%

Shares of Dover stock opened at $214.93 on Monday. The company’s 50 day moving average price is $214.98 and its 200-day moving average price is $209.43. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The stock has a market capitalization of $28.94 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87.

Dover (NYSE:DOV) last released its quarterly earnings data 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 net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The company’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. Equities research analysts forecast that Dover Corporation will post 10.64 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is presently 25.94%.

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.