Cannell & Spears LLC Decreases Stock Holdings in Dover Corporation $DOV

Cannell & Spears LLC reduced its position in shares of Dover Corporation (NYSE:DOV) by 21.5% in the first quarter, HoldingsChannel.com reports. The firm owned 36,007 shares of the industrial products company’s stock after selling 9,850 shares during the period. Cannell & Spears LLC’s holdings in Dover were worth $7,303,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Dover in the fourth quarter worth $10,195,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Dover by 15.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after purchasing an additional 5,514 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after purchasing an additional 7,396 shares in the last quarter. BIP Wealth LLC bought a new position in Dover in the fourth quarter worth about $538,000. Finally, Leeward Investments LLC MA raised its stake in Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after buying an additional 10,377 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DOV shares. Barclays lifted their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Morgan Stanley upped their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Royal Bank Of Canada lowered their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average target price of $238.29.

Trending Headlines about Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

Dover Stock Performance

DOV stock opened at $202.45 on Friday. The stock has a market capitalization of $27.26 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The stock’s 50 day simple moving average is $215.49 and its 200 day simple moving average is $215.42. Dover Corporation has a 12-month low of $158.97 and a 12-month 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.

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, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.43% and a net margin of 13.48%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the company posted $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. As a group, research analysts forecast that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

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 dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio is currently 25.94%.

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.