Dover Corporation $DOV Stock Holdings Cut by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in shares of Dover Corporation (NYSE:DOV) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,436 shares of the industrial products company’s stock after selling 4,549 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dover were worth $3,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOV. AQR Capital Management LLC boosted its stake in Dover by 912.9% during the 2nd quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock valued at $144,572,000 after purchasing an additional 711,471 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Dover by 65.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,317,787 shares of the industrial products company’s stock valued at $219,846,000 after purchasing an additional 520,211 shares in the last quarter. Wellington Management Group LLP boosted its stake in Dover by 16.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after purchasing an additional 294,856 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Dover by 667.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 327,155 shares of the industrial products company’s stock valued at $54,579,000 after purchasing an additional 284,514 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Dover by 247.0% during the 3rd quarter. Bank of Montreal Can now owns 380,326 shares of the industrial products company’s stock valued at $63,450,000 after purchasing an additional 270,732 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Insider Activity at Dover

In related news, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the sale, the chief executive officer 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the transaction, the senior vice president owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,497 shares of company stock valued at $19,196,277. Insiders own 1.10% of the company’s stock.

Dover News Roundup

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover declared a regular quarterly cash dividend of $0.52 per share, signaling continued confidence in cash flow and offering income support for the stock. Dover Declares Regular Quarterly Cash Dividend
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Dover to $10.54 from $10.48, suggesting slightly better expected earnings performance this year. Dover earnings estimate update
• Positive Sentiment: Analysts also nudged up quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q2 2027 and Q3 2027, which may help support investor confidence in Dover’s earnings trajectory. Dover earnings estimate update

Dover Price Performance

DOV opened at $219.67 on Friday. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.68 and a beta of 1.21. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. 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 stock has a fifty day moving average price of $215.79 and a 200 day moving average price of $204.43.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DOV shares. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets raised their price objective on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Oppenheimer raised their price objective on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target 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.