Dover Corporation $DOV Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. decreased its position in Dover Corporation (NYSE:DOV) by 60.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,683 shares of the industrial products company’s stock after selling 2,609 shares during the period. Hilltop Holdings Inc.’s holdings in Dover were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DOV. Meeder Asset Management Inc. grew its position in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the period. Reflection Asset Management purchased a new stake in Dover in the fourth quarter valued at $26,000. MV Capital Management Inc. purchased a new stake in Dover in the fourth quarter valued at $29,000. Financial Life Planners acquired a new position in shares of Dover in the 1st quarter valued at $31,000. Finally, Leonteq Securities AG purchased a new position in shares of Dover during the 4th quarter worth $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DOV. Wolfe Research reissued an “outperform” rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Oppenheimer increased their target price 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. Robert W. Baird set a $270.00 price target on shares of Dover in a research report on Friday. Seaport Research Partners boosted their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Barclays increased their price objective on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Price Performance

DOV opened at $203.42 on Wednesday. The stock’s 50-day moving average price is $215.31 and its 200 day moving average price is $215.55. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.57 and a beta of 1.16. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.Dover’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts expect that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date was 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 25.06%.

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.