Dover Corporation $DOV Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in Dover Corporation (NYSE:DOV) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,470 shares of the industrial products company’s stock after selling 44,275 shares during the quarter. M&T Bank Corp’s holdings in Dover were worth $15,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Novem Group acquired a new stake in shares of Dover in the fourth quarter valued at $1,213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dover by 2.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,993 shares of the industrial products company’s stock valued at $17,765,000 after buying an additional 2,227 shares in the last quarter. Leisure Capital Management acquired a new position in shares of Dover in the fourth quarter valued at approximately $203,000. Hudson Edge Investment Partners Inc. grew its holdings in shares of Dover by 7.9% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 42,966 shares of the industrial products company’s stock valued at $8,389,000 after purchasing an additional 3,132 shares in the last quarter. Finally, Krilogy Financial LLC grew its holdings in shares of Dover by 20.8% in the fourth quarter. Krilogy Financial LLC now owns 4,098 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 706 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: EPS beat and year-over-year profit growth — Dover reported $2.28 EPS (vs. $2.27 consensus) and EPS rose from $2.05 a year ago; management highlighted solid segment performance that drove double‑digit gains. Dover Q1 Earnings Beat Estimates, Rise Y/Y on Solid Demand
• Positive Sentiment: Management emphasized strong demand and rising bookings on the earnings call, supporting the view that organic end‑market improvement is sustainable. Dover Corporation (DOV) Q1 2026 Earnings Call Transcript
• Positive Sentiment: Analyst support — at least one firm expressed positive outlook/comments on Dover shares after the print, adding to bullish sentiment. Dover (NYSE:DOV) Stock Price Expected to Rise, Oppenheimer Analyst Says
• Neutral Sentiment: FY‑2026 guidance essentially reaffirmed: EPS guidance set to $10.45–$10.65 and revenue guide about $8.5–$8.7B (roughly in line with Street expectations), which reduces downside surprise risk but limits upside. Dover Reports First Quarter 2026 Results
• Neutral Sentiment: New product/market initiatives (e.g., Waukesha Bearings’ NordAlign bearing for wind turbines) support long‑term growth in selected end markets but are unlikely to move near‑term earnings materially. Waukesha Bearings Unveils Innovative NordAlign Bearing for Wind Turbine Main Shafts
• Negative Sentiment: Revenue missed consensus — Q1 revenue was $2.05B vs. ~$2.19B expected, which tempers the EPS beat and highlights continued pressure in some end markets or timing of orders. View Press Release
• Negative Sentiment: Analyst estimates trimmed further out (small cut to FY2028 by Zacks) and guidance midpoint is slightly below some consensus figures, leaving limited near‑term upside if growth slows. Dover Corporation (DOV) Q1 Earnings and Revenues Surpass Estimates

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DOV. JPMorgan Chase & Co. lifted their price objective on shares of Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup lifted their price objective on shares of Dover from $231.00 to $253.00 and gave the company a “buy” rating in a report on Monday, April 13th. Robert W. Baird set a $255.00 price objective on shares of Dover in a report on Friday, January 30th. BMO Capital Markets started coverage on Dover in a research note on Friday, March 27th. They set a “market perform” rating and a $237.00 target price for the company. Finally, UBS Group set a $256.00 target price on Dover and gave the stock a “buy” rating in a research note on Sunday, January 4th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.38.

Insiders Place Their Bets

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction that occurred 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 $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares of the company’s stock, 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. Insiders sold 82,497 shares of company stock worth $19,196,277 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Dover Trading Up 5.7%

NYSE DOV opened at $228.50 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. Dover Corporation has a 52 week low of $158.14 and a 52 week high of $237.54. The stock has a market capitalization of $30.80 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The firm has a 50 day moving average of $216.98 and a two-hundred day moving average of $200.51.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The firm’s revenue 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 expect that Dover Corporation will post 10.54 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently declared 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. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, February 27th. Dover’s payout ratio is 26.20%.

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.