Dover Corporation $DOV Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Dover Corporation (NYSE:DOV) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,214 shares of the industrial products company’s stock after selling 3,818 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Dover were worth $2,806,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOV. Oppenheimer raised their price objective on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley set a $210.00 target price on shares of Dover in a report on Wednesday, February 4th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 target price on shares of Dover in a report on Friday, April 24th. Finally, Seaport Research Partners lifted their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

Insider Buying and Selling

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of the business’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 value of $932,920.00. Following the completion of the sale, the senior vice president directly owned 72,188 shares in the company, valued at $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Tobin sold 76,997 shares of the business’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 sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Dover Stock Down 1.7%

Dover stock opened at $210.63 on Friday. The stock has a market capitalization of $28.36 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The business has a 50 day simple moving average of $214.75 and a 200-day simple moving average of $205.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The business 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 was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s payout ratio is 25.94%.

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.