UBS Group AG Buys 238,222 Shares of Dover Corporation $DOV

UBS Group AG increased its stake in Dover Corporation (NYSE:DOV) by 22.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,281,349 shares of the industrial products company’s stock after acquiring an additional 238,222 shares during the period. UBS Group AG’s holdings in Dover were worth $250,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DOV. Frank Rimerman Advisors LLC grew its holdings in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 52 shares during the period. Tectonic Advisors LLC boosted its position in shares of Dover by 1.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 54 shares in the last quarter. Mission Wealth Management LP grew its stake in Dover by 0.8% in the third quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after purchasing an additional 58 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Dover by 4.1% in the third quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 59 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in Dover by 2.3% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,774 shares of the industrial products company’s stock valued at $463,000 after buying an additional 62 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the sale, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 82,497 shares of company stock valued at $19,196,277. 1.10% of the stock is currently owned by insiders.

Dover Trading Down 0.9%

Shares of DOV stock opened at $224.26 on Wednesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a market capitalization of $30.20 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.72 and a beta of 1.25. 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 is $216.56 and its 200 day moving average is $202.31.

Dover (NYSE:DOV) last issued 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 the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Research analysts expect that Dover Corporation will post 10.63 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio is 25.94%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DOV. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price objective on shares of Dover in a report on Friday. Oppenheimer lifted their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research report on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $224.00 price objective on shares of Dover in a research report on Saturday, January 31st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.