QRG Capital Management Inc. Acquires 3,762 Shares of Dover Corporation $DOV

QRG Capital Management Inc. boosted its holdings in Dover Corporation (NYSE:DOV) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,545 shares of the industrial products company’s stock after purchasing an additional 3,762 shares during the quarter. QRG Capital Management Inc.’s holdings in Dover were worth $12,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in Dover in the 3rd quarter worth approximately $25,000. Tompkins Financial Corp boosted its holdings in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Dover by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Dover by 371.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Dover during the 4th quarter valued at about $45,000. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Up 1.2%

Shares of NYSE DOV opened at $223.41 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The company has a market cap of $30.08 billion, a P/E ratio of 27.86, 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 firm has a 50-day simple moving average of $216.06 and a two-hundred day simple moving average of $203.62.

Dover (NYSE:DOV) last announced its quarterly earnings data 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. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Research analysts anticipate that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Oppenheimer increased their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group reiterated a “buy” rating and set a $224.00 target price on shares of Dover in a research report on Saturday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $252.00 target price on shares of Dover in a research 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 company. Based on data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average price target of $237.36.

Insider Transactions at Dover

In other news, VP Girish Juneja sold 1,500 shares of Dover stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. The trade was a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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. The trade was a 26.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,497 shares of company stock worth $19,196,277. 1.10% of the stock is currently owned by insiders.

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.