Dover Corporation $DOV Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in Dover Corporation (NYSE:DOV) by 11.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,894 shares of the industrial products company’s stock after selling 3,175 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Dover were worth $4,981,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. True North Advisors LLC grew its stake in shares of Dover by 2.9% during the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Dover by 0.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after buying an additional 51 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after buying an additional 53 shares in the last quarter. Tectonic Advisors LLC grew its position in 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 buying an additional 54 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Up 0.5%

DOV stock opened at $205.74 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $214.79 and a two-hundred day moving average of $215.56. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.56 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly 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. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $2.44 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts forecast that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date of this dividend 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 25.06%.

Wall Street Analysts Forecast Growth

Several analysts have commented on DOV shares. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Oppenheimer raised their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 price target on shares of Dover 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 note on Tuesday, July 21st. Finally, Robert W. Baird set a $270.00 price objective on Dover in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

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.