Wealthfront Advisers LLC Buys 2,760 Shares of Dover Corporation $DOV

Wealthfront Advisers LLC raised its stake in shares of Dover Corporation (NYSE:DOV) by 11.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,463 shares of the industrial products company’s stock after acquiring an additional 2,760 shares during the period. Wealthfront Advisers LLC’s holdings in Dover were worth $5,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Dover during the 4th quarter valued at $45,000. M&T Bank Corp lifted its holdings in shares of Dover by 0.6% during the 4th quarter. M&T Bank Corp now owns 122,499 shares of the industrial products company’s stock valued at $23,917,000 after buying an additional 754 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Dover by 65.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 10,595 shares of the industrial products company’s stock valued at $2,068,000 after buying an additional 4,187 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Dover by 2.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 3,861 shares of the industrial products company’s stock valued at $754,000 after buying an additional 105 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Dover by 22.8% during the 4th quarter. UBS Group AG now owns 1,281,349 shares of the industrial products company’s stock valued at $250,171,000 after buying an additional 238,222 shares during the period. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of Dover stock opened at $226.76 on Friday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock’s fifty day moving average is $216.25 and its 200 day moving average is $202.62. The stock has a market cap of $30.54 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.69 and a beta of 1.25. 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 (NYSE:DOV) last released 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. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business earned $2.05 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts anticipate that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Oppenheimer increased their price objective 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. Morgan Stanley set a $210.00 price objective on shares of Dover in a research note on Wednesday, February 4th. Finally, Seaport Research Partners increased their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $237.36.

Insiders Place Their Bets

In other Dover news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the sale, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total value of $17,917,201.90. Following the sale, the chief executive officer directly owned 217,979 shares in the company, valued at approximately $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 82,497 shares of company stock worth $19,196,277. 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.