Dover Corporation $DOV Holdings Raised by Kestra Private Wealth Services LLC
by Scott Moore · The Cerbat GemKestra Private Wealth Services LLC raised its holdings in Dover Corporation (NYSE:DOV – Free Report) by 65.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,595 shares of the industrial products company’s stock after acquiring an additional 4,187 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Dover were worth $2,068,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DOV. Brighton Jones LLC lifted its stake in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after acquiring an additional 676 shares during the last quarter. Empowered Funds LLC lifted its stake in Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Dover in the second quarter valued at approximately $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Dover in the second quarter valued at approximately $1,030,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on DOV shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $224.00 target price on shares of Dover in a research note on Saturday, January 31st. Oppenheimer lifted their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. BMO Capital Markets upped their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 target price on shares of Dover in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $237.36.
View Our Latest Analysis on Dover
Dover Stock Up 2.0%
Shares of Dover stock opened at $226.76 on Friday. The stock has a market capitalization of $30.54 billion, a P/E ratio of 28.27, a PEG ratio of 1.69 and a beta of 1.25. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $216.25 and a two-hundred day moving average price of $202.62. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54.
Dover (NYSE:DOV – Get Free Report) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The firm 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 company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities analysts expect that Dover Corporation will post 10.64 earnings per share for the current year.
Dover Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover’s dividend payout ratio (DPR) is 25.94%.
Insider Buying and Selling at Dover
In other Dover news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the sale, the vice president owned 8,422 shares of the company’s stock, valued at $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were 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. This trade represents a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,497 shares of company stock valued at $19,196,277 in the last 90 days. 1.10% of the stock is currently owned by insiders.
About Dover
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.
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