Signature Wealth Management Partners LLC Sells 2,660 Shares of Dover Corporation $DOV

Signature Wealth Management Partners LLC cut its position in shares of Dover Corporation (NYSE:DOV) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,668 shares of the industrial products company’s stock after selling 2,660 shares during the quarter. Signature Wealth Management Partners LLC’s holdings in Dover were worth $1,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Machina Capital S.A.S. lifted its holdings in shares of Dover by 91.8% during the 3rd quarter. Machina Capital S.A.S. now owns 16,834 shares of the industrial products company’s stock worth $2,808,000 after acquiring an additional 8,055 shares during the period. Generali Asset Management SPA SGR raised its position in Dover by 103.4% during the third quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock valued at $2,673,000 after purchasing an additional 8,145 shares in the last quarter. SG Americas Securities LLC lifted its stake in Dover by 1,644.9% during the third quarter. SG Americas Securities LLC now owns 26,749 shares of the industrial products company’s stock worth $4,463,000 after purchasing an additional 25,216 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Dover by 17.3% in the 3rd quarter. Federated Hermes Inc. now owns 43,300 shares of the industrial products company’s stock valued at $7,224,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Dover by 34.4% in the 3rd quarter. Cerity Partners LLC now owns 91,061 shares of the industrial products company’s stock valued at $15,192,000 after purchasing an additional 23,298 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $225.92 on Friday. The stock has a 50-day moving average price of $216.25 and a two-hundred day moving average price of $202.62. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a market capitalization of $30.42 billion, a PE ratio of 28.17, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts expect that Dover Corporation will post 10.64 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of research analyst reports. Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Oppenheimer lifted their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. BMO Capital Markets boosted their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $210.00 price target on shares of Dover in a research note on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $237.36.

Insider Activity

In other news, VP Girish Juneja sold 1,500 shares of Dover 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the business’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 completion of 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,497 shares of company stock valued at $19,196,277. Insiders own 1.10% of the company’s stock.

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.