WealthPLAN Partners LLC Lowers Stock Position in Dover Corporation $DOV

WealthPLAN Partners LLC lessened its position in shares of Dover Corporation (NYSE:DOV) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,719 shares of the industrial products company’s stock after selling 3,278 shares during the quarter. WealthPLAN Partners LLC’s holdings in Dover were worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Dover in the 3rd quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Reflection Asset Management acquired a new stake in Dover in the fourth quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new position in shares of Dover during the 4th quarter worth approximately $29,000. Finally, Tompkins Financial Corp lifted its position in shares of Dover by 102.7% during 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 in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

DOV opened at $214.16 on Wednesday. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The firm has a market capitalization of $28.84 billion, a PE ratio of 26.70, a PEG ratio of 1.63 and a beta of 1.16. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $217.88 and its 200 day moving average price is $214.31.

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

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is 25.94%.

Wall Street Analyst Weigh In

DOV has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Oppenheimer upped their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Robert W. Baird boosted their price objective on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

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.