Dover Corporation $DOV Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in shares of Dover Corporation (NYSE:DOV) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,211 shares of the industrial products company’s stock after selling 5,330 shares during the period. Sei Investments Co.’s holdings in Dover were worth $8,591,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DOV. Brighton Jones LLC boosted its stake in shares of 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 buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC raised its position in Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Dover in the second quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dover during the 2nd quarter worth $1,030,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOV. Seaport Research Partners upped their price target on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price objective on shares of Dover in a report on Friday, April 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays increased their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, Morgan Stanley boosted 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. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.29.

Dover Price Performance

Dover stock opened at $204.85 on Monday. The firm has a market capitalization of $27.59 billion, a PE ratio of 24.68, a P/E/G ratio of 1.56 and a beta of 1.16. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The firm’s 50-day simple moving average is $214.88 and its 200 day simple moving average is $215.55. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV) last posted 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the firm posted $2.44 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities research analysts predict that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s payout ratio is currently 25.06%.

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.