Dover Corporation $DOV Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in shares of Dover Corporation (NYSE:DOV) by 41.7% during the first quarter, Holdings Channel reports. The institutional investor owned 4,878 shares of the industrial products company’s stock after selling 3,489 shares during the quarter. Sterling Capital Management LLC’s holdings in Dover were worth $1,017,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Dover in the 3rd quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its position in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Dover during the fourth quarter worth $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter valued at $29,000. Finally, Tompkins Financial Corp increased its holdings in Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DOV. BMO Capital Markets lifted their price target on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Barclays increased their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Robert W. Baird upped their price target on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

Dover Stock Performance

Shares of DOV stock opened at $224.25 on Wednesday. The stock’s 50-day moving average is $218.65 and its two-hundred day moving average is $213.74. 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 Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a market cap of $30.20 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.71 and a beta of 1.17.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover’s payout ratio is currently 25.94%.

Dover 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.