4,592 Dover Corporation $DOV Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC decreased its holdings in shares of Dover Corporation (NYSE:DOV) by 46.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,241 shares of the industrial products company’s stock after selling 4,592 shares during the period. WealthPlan Investment Management LLC’s holdings in Dover were worth $980,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in Dover in the fourth quarter worth approximately $26,000. MV Capital Management Inc. acquired a new position in Dover in the fourth quarter valued at approximately $29,000. Clearstead Trust LLC bought a new position in shares of Dover during the 2nd quarter worth approximately $30,000. Financial Life Planners bought a new position in shares of Dover during the 1st quarter worth approximately $31,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Dover during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.3%

DOV stock opened at $193.99 on Friday. The stock’s 50 day simple moving average is $194.76 and its 200 day simple moving average is $207.94. Dover Corporation has a fifty-two week low of $163.33 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of $26.13 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts expect that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.5250 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 25.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOV. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada dropped their target price on shares of Dover from $227.00 to $216.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Robert W. Baird set a $270.00 target price on shares of Dover in a research note on Friday, July 24th. Mizuho reduced their price target on shares of Dover from $270.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday. Finally, BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Eleven 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, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $237.93.

About Dover

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.