Pacer Advisors Inc. Sells 3,955 Shares of Dover Corporation $DOV

Pacer Advisors Inc. reduced its position in Dover Corporation (NYSE:DOV) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,956 shares of the industrial products company’s stock after selling 3,955 shares during the period. Pacer Advisors Inc.’s holdings in Dover were worth $1,867,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management bought a new position in shares of Dover during the 4th quarter valued at approximately $26,000. MV Capital Management Inc. bought a new position in shares of Dover during the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new position in shares of Dover in the first quarter valued at $31,000. Finally, Leonteq Securities AG bought a new stake in Dover in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.1%

Shares of DOV opened at $210.95 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $214.58 and a 200 day moving average of $215.63. The company has a market cap of $28.41 billion, a PE ratio of 25.42, a P/E/G ratio of 1.61 and a beta of 1.16. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts expect that Dover Corporation will post 10.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on DOV. Robert W. Baird set a $270.00 price objective on shares of Dover in a research report on Friday, July 24th. Royal Bank Of Canada reduced their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Morgan Stanley increased their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $238.29.

More Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover raised its quarterly cash dividend to $0.525 per share from $0.52, an increase of $0.005. The new annualized payout is $2.10 per share, signaling continued confidence in cash generation and providing a modest boost for income-oriented investors. Dover Increases Dividend
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.59 from $10.55 and its FY2027 forecast to $11.19 from $11.12. It also lifted estimates for each quarter of FY2027, indicating expectations for somewhat stronger near-term operating performance. Dover earnings estimate revisions
• Positive Sentiment: Longer-term expectations also improved: Zacks raised its FY2028 EPS forecast to $11.73 from $11.63, with increases to its Q1 and Q2 2028 estimates. The revisions reinforce a constructive earnings outlook, although the changes are relatively small. Dover long-term earnings estimates
• Neutral Sentiment: Dover recently reported quarterly EPS of $2.74, slightly ahead of estimates, while revenue of $2.19 billion was below consensus. At a price near $211, the stock trades at approximately 25 times earnings and below its 50-day and 200-day moving averages, which may limit the immediate upside despite the favorable dividend and earnings updates.

Dover 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.