WealthPlan Investment Management LLC Sells 17,921 Shares of Dover Corporation $DOV

WealthPlan Investment Management LLC lessened its holdings in Dover Corporation (NYSE:DOV) by 47.0% in the fourth quarter, HoldingsChannel reports. The fund owned 20,195 shares of the industrial products company’s stock after selling 17,921 shares during the period. WealthPlan Investment Management LLC’s holdings in Dover were worth $3,943,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DOV. Brighton Jones LLC boosted its position in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares during the period. Empowered Funds LLC lifted its position in Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares during the period. Sivia Capital Partners LLC bought a new stake in Dover during the second quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Dover during the second quarter worth about $1,030,000. Institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the transaction, the chief executive officer directly owned 217,979 shares of the company’s stock, valued at $50,723,713.30. This trade represents a 26.10% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Dover Stock Down 1.7%

DOV stock opened at $210.63 on Friday. The stock has a market capitalization of $28.36 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. 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 firm has a 50-day moving average price of $214.75 and a 200-day moving average price of $205.99.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

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

Analyst Ratings Changes

DOV has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Morgan Stanley set a $210.00 price objective on shares of Dover in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.36.

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.