L & S Advisors Inc Acquires Shares of 39,663 Dover Corporation $DOV

L & S Advisors Inc acquired a new stake in Dover Corporation (NYSE:DOV) in the fourth quarter, Holdings Channel reports. The fund acquired 39,663 shares of the industrial products company’s stock, valued at approximately $7,744,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Dover during the 3rd quarter worth approximately $25,000. Tompkins Financial Corp lifted its stake in Dover by 102.7% during 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 last quarter. Westside Investment Management Inc. boosted its holdings in shares of Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 114 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Dover by 371.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 208 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Dover in the 4th quarter valued at $45,000. Institutional investors own 84.46% of the company’s stock.

Insider Buying and Selling

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the company’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 value of $932,920.00. Following the completion of the transaction, the senior vice president directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DOV has been the subject of several recent analyst reports. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Morgan Stanley set a $210.00 price objective on Dover in a research note on Wednesday, February 4th. Barclays raised their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Oppenheimer raised their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Robert W. Baird raised their price objective on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.36.

Dover Price Performance

DOV stock opened at $210.63 on Friday. The company has a 50 day simple moving average of $214.75 and a 200 day simple moving average of $205.99. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.60 and a beta of 1.21. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Research analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 29th. 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.