Pacer Advisors Inc. Trims Stake in Dover Corporation $DOV

Pacer Advisors Inc. lessened its holdings in shares of Dover Corporation (NYSE:DOV) by 30.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,956 shares of the industrial products company’s stock after selling 3,955 shares during the quarter. Pacer Advisors Inc.’s holdings in Dover were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. True North Advisors LLC raised its holdings in Dover by 2.9% in the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares during the period. Orion Porfolio Solutions LLC grew its holdings in Dover by 0.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after purchasing an additional 51 shares during the period. KCM Investment Advisors LLC grew its holdings in Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 53 shares during the period. Tectonic Advisors LLC increased its position in Dover by 1.7% in the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after buying an additional 56 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DOV shares. Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Morgan Stanley lifted their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Finally, Oppenheimer raised their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover News Summary

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover raised its quarterly cash dividend to $0.525 per share from $0.52, an increase of $0.005. The new annualized payout is $2.10 per share, signaling continued confidence in cash generation and providing a modest boost for income-oriented investors. Dover Increases Dividend
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.59 from $10.55 and its FY2027 forecast to $11.19 from $11.12. It also lifted estimates for each quarter of FY2027, indicating expectations for somewhat stronger near-term operating performance. Dover earnings estimate revisions
• Positive Sentiment: Longer-term expectations also improved: Zacks raised its FY2028 EPS forecast to $11.73 from $11.63, with increases to its Q1 and Q2 2028 estimates. The revisions reinforce a constructive earnings outlook, although the changes are relatively small. Dover long-term earnings estimates
• Neutral Sentiment: Dover recently reported quarterly EPS of $2.74, slightly ahead of estimates, while revenue of $2.19 billion was below consensus. At a price near $211, the stock trades at approximately 25 times earnings and below its 50-day and 200-day moving averages, which may limit the immediate upside despite the favorable dividend and earnings updates.

Dover Stock Performance

NYSE:DOV opened at $210.95 on Friday. The stock has a 50-day moving average price of $214.58 and a 200 day moving average price of $215.63. The stock has a market capitalization of $28.41 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.61 and a beta of 1.16. 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 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm earned $2.44 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

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.