Dover Corporation $DOV Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Dover Corporation (NYSE:DOV) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 783,506 shares of the industrial products company’s stock after selling 50,323 shares during the period. Corient Private Wealth LLC’s holdings in Dover were worth $153,194,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC raised its position in Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after purchasing an additional 51 shares during the period. Frank Rimerman Advisors LLC boosted its position in shares of Dover by 2.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after buying an additional 52 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Dover by 3.5% in the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after buying an additional 53 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after buying an additional 54 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Up 0.0%

NYSE DOV opened at $223.64 on Friday. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. 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 Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company’s fifty day moving average price is $217.43 and its two-hundred day moving average price is $211.82.

Dover (NYSE:DOV) last issued its earnings results 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 business 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 business posted $2.05 EPS. The company’s revenue for the quarter 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, research analysts predict that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DOV shares. Barclays upped their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. BMO Capital Markets boosted their target price 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Oppenheimer lifted their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.85.

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.