Securian Asset Management Inc. Has $718,000 Position in Dover Corporation $DOV

Securian Asset Management Inc. lowered its stake in shares of Dover Corporation (NYSE:DOV) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,680 shares of the industrial products company’s stock after selling 2,811 shares during the quarter. Securian Asset Management Inc.’s holdings in Dover were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Dover in the third quarter worth $25,000. Tompkins Financial Corp grew its stake in Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 114 shares during the period. Cornerstone Planning Group LLC raised its holdings in Dover by 371.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 208 shares during the period. Finally, Torren Management LLC acquired a new position in Dover during the 4th quarter worth $45,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction dated 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the sale, the senior vice president owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Dover Trading Down 0.3%

Dover stock opened at $214.08 on Friday. The business has a 50 day moving average price of $214.97 and a two-hundred day moving average price of $205.96. 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 Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21.

Dover (NYSE:DOV) last announced its quarterly earnings data 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 analyst estimates of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s payout ratio is 25.94%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DOV shares. BMO Capital Markets raised their price target on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Morgan Stanley set a $210.00 target price on Dover in a research note on Wednesday, February 4th. Seaport Research Partners raised their target price on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average target price of $237.36.

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.