Stack Financial Management Inc Has $14.91 Million Stake in Dover Corporation $DOV

Stack Financial Management Inc trimmed its holdings in Dover Corporation (NYSE:DOV) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 76,345 shares of the industrial products company’s stock after selling 3,287 shares during the period. Stack Financial Management Inc’s holdings in Dover were worth $14,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Dover in the third quarter valued at about $25,000. Tompkins Financial Corp grew its stake in Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Westside Investment Management Inc. grew its stake in Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 114 shares during the period. Torren Management LLC bought a new stake in shares of Dover in the fourth quarter valued at about $45,000. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of Dover by 36.2% in the fourth quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 63 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Girish Juneja sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total value of $17,917,201.90. Following the completion of the transaction, the chief executive officer directly owned 217,979 shares in the company, valued at $50,723,713.30. The trade was a 26.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,497 shares of company stock valued at $19,196,277. 1.10% of the stock is owned by insiders.

Dover Stock Performance

DOV opened at $220.85 on Tuesday. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The firm has a market capitalization of $29.74 billion, a PE ratio of 27.54, a PEG ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The business’s 50-day simple moving average is $216.25 and its 200 day simple moving average is $203.19.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. 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 10.64 earnings per share for the current fiscal year.

Dover Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Morgan Stanley set a $210.00 price target on Dover in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, January 30th. The Goldman Sachs Group restated a “buy” rating and issued a $224.00 price target on shares of Dover in a report on Saturday, January 31st. Finally, Barclays boosted their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

About Dover

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.