Dover Corporation $DOV Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Dover Corporation (NYSE:DOV) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 315,504 shares of the industrial products company’s stock after purchasing an additional 15,361 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dover were worth $61,760,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Frank Rimerman Advisors LLC raised its position in Dover by 2.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 52 shares during the last quarter. Tectonic Advisors LLC raised its position in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 54 shares during the last quarter. Mission Wealth Management LP raised its position in Dover by 0.8% in the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock valued at $1,250,000 after purchasing an additional 58 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Dover by 14.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 59 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Dover by 4.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.6%

Shares of Dover stock opened at $219.67 on Friday. The company has a market cap of $29.58 billion, a P/E ratio of 27.39, a PEG ratio of 1.68 and a beta of 1.21. 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 one year low of $158.97 and a one year high of $237.54. The firm has a fifty day moving average of $215.79 and a two-hundred day moving average of $204.43.

Dover (NYSE:DOV) last announced its quarterly earnings data 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 company 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%. Dover’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts forecast 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 Friday, March 13th. Shareholders of record on Friday, February 27th were given 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 is presently 25.94%.

Insiders Place Their Bets

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the transaction, the senior vice president owned 72,188 shares in the company, valued at approximately $16,836,407.24. This represents a 5.25% decrease in their position. The sale was disclosed in a 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 company’s stock in a transaction on 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 transaction, the chief executive officer owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. The trade was a 26.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,497 shares of company stock worth $19,196,277. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Morgan Stanley set a $210.00 price target on shares of Dover in a research report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover declared a regular quarterly cash dividend of $0.52 per share, signaling continued confidence in cash flow and offering income support for the stock. Dover Declares Regular Quarterly Cash Dividend
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Dover to $10.54 from $10.48, suggesting slightly better expected earnings performance this year. Dover earnings estimate update
• Positive Sentiment: Analysts also nudged up quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q2 2027 and Q3 2027, which may help support investor confidence in Dover’s earnings trajectory. Dover earnings estimate update

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.