Sumitomo Mitsui DS Asset Management Company Ltd Sells 4,549 Shares of Dover Corporation $DOV

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Dover Corporation (NYSE:DOV) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,436 shares of the industrial products company’s stock after selling 4,549 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dover were worth $3,404,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners bought a new position in Dover during the third quarter valued at about $25,000. Tompkins Financial Corp increased its stake in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the period. Westside Investment Management Inc. increased its stake in shares of Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 208 shares during the period. Finally, Torren Management LLC bought a new position in shares of Dover in the fourth quarter worth about $45,000. 84.46% of the stock is currently owned by institutional investors.

Trending Headlines about Dover

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

Analyst Ratings Changes

A number of equities analysts have recently commented on DOV shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Morgan Stanley set a $210.00 price objective on Dover in a research note on Wednesday, February 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $224.00 price objective on shares of Dover in a research note on Saturday, January 31st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Insider Buying and Selling at Dover

In other Dover news, VP Girish Juneja sold 1,500 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. The trade was a 15.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at $50,723,713.30. The trade was a 26.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 82,497 shares of company stock worth $19,196,277. Insiders own 1.10% of the company’s stock.

Dover Price Performance

Dover stock opened at $219.67 on Friday. The business has a 50 day simple moving average of $215.79 and a 200 day simple moving average of $204.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The company has a market capitalization of $29.58 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, sell-side analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 annualized dividend and a yield of 0.9%. Dover’s dividend payout ratio 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.