California State Teachers Retirement System Cuts Stock Holdings in Dover Corporation $DOV

California State Teachers Retirement System lessened its stake in Dover Corporation (NYSE:DOV) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 223,341 shares of the industrial products company’s stock after selling 3,016 shares during the period. California State Teachers Retirement System’s holdings in Dover were worth $46,555,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on DOV shares. Royal Bank Of Canada cut their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Seaport Research Partners lifted their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $270.00 price objective on shares of Dover in a research note on Friday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.29.

Dover Price Performance

Shares of NYSE DOV opened at $204.16 on Friday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The business has a 50-day moving average of $214.98 and a 200-day moving average of $215.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.51 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts anticipate that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid 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 1.0%. Dover’s dividend payout ratio (DPR) is currently 25.06%.

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.