Stenger Family Office LLC Cuts Stake in Dover Corporation $DOV

Stenger Family Office LLC reduced its holdings in shares of Dover Corporation (NYSE:DOV) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,536 shares of the industrial products company’s stock after selling 7,849 shares during the period. Stenger Family Office LLC’s holdings in Dover were worth $886,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DOV. Brighton Jones LLC lifted its holdings in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC raised its position in Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares during the period. Sivia Capital Partners LLC purchased a new position in Dover in the 2nd quarter worth $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Dover in the second quarter worth $1,030,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOV has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Seaport Research Partners boosted their target price on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird increased their target price on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Barclays raised their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Dover Price Performance

Shares of Dover stock opened at $223.64 on Friday. The business has a 50 day moving average of $217.43 and a 200 day moving average of $211.82. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a market cap of $30.12 billion, a PE ratio of 27.89, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.87 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, beating the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Dover’s dividend payout ratio is 25.94%.

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.