Dover Corporation $DOV Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in Dover Corporation (NYSE:DOV) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,577,244 shares of the industrial products company’s stock after selling 5,396 shares during the period. Dimensional Fund Advisors LP’s holdings in Dover were worth $328,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meeder Asset Management Inc. raised its position in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Reflection Asset Management acquired a new stake in shares of Dover in the fourth quarter valued at about $26,000. MV Capital Management Inc. purchased a new stake in shares of Dover during the 4th quarter valued at about $29,000. Tompkins Financial Corp raised its holdings in shares of Dover by 102.7% during the 4th 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 period. Finally, Financial Life Planners acquired a new position in Dover during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DOV shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Robert W. Baird upped their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Barclays raised their price target on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.43.

Dover Price Performance

DOV stock opened at $211.30 on Wednesday. The stock’s 50 day moving average is $215.98 and its two-hundred day moving average is $215.36. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a market capitalization of $28.45 billion, a PE ratio of 26.35, a P/E/G ratio of 1.59 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last released its quarterly earnings results 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. 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 fiscal year.

Dover Dividend Announcement

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