Varma Mutual Pension Insurance Co Decreases Position in Dover Corporation $DOV

Varma Mutual Pension Insurance Co lowered its position in Dover Corporation (NYSE:DOV) by 35.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 53,188 shares of the industrial products company’s stock after selling 29,318 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Dover were worth $10,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. AQR Capital Management LLC lifted its stake in Dover by 912.9% in the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock valued at $144,572,000 after buying an additional 711,471 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Dover by 65.2% in the third quarter. Qube Research & Technologies Ltd now owns 1,317,787 shares of the industrial products company’s stock valued at $219,846,000 after buying an additional 520,211 shares during the last quarter. Wellington Management Group LLP lifted its stake in Dover by 16.1% in the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after buying an additional 294,856 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Dover by 667.2% in the third quarter. Voloridge Investment Management LLC now owns 327,155 shares of the industrial products company’s stock valued at $54,579,000 after buying an additional 284,514 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Dover by 247.0% in the third quarter. Bank of Montreal Can now owns 380,326 shares of the industrial products company’s stock valued at $63,450,000 after buying an additional 270,732 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Up 1.2%

Shares of DOV stock opened at $223.41 on Wednesday. The business’s fifty day moving average price is $216.06 and its 200 day moving average price is $203.62. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market capitalization of $30.08 billion, a PE ratio of 27.86, a P/E/G ratio of 1.68 and a beta of 1.21. 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 (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Dover’s quarterly revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, sell-side analysts forecast that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio is currently 25.94%.

Analyst Ratings Changes

A number of brokerages have weighed in on DOV. Morgan Stanley set a $210.00 price objective on Dover in a research note on Wednesday, February 4th. Seaport Research Partners upped their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 price target on shares of Dover in a research note on Friday, April 24th. Oppenheimer upped their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Insider Buying and Selling

In other Dover news, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Girish Juneja sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the sale, the vice president directly owned 8,422 shares in the company, valued at $1,943,544.94. This trade represents a 15.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,497 shares of company stock valued at $19,196,277 over the last quarter. Company 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.