Fisher Asset Management LLC Sells 22,992 Shares of Dover Corporation $DOV

Fisher Asset Management LLC lessened its holdings in Dover Corporation (NYSE:DOV) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,610,141 shares of the industrial products company’s stock after selling 22,992 shares during the period. Fisher Asset Management LLC owned about 1.17% of Dover worth $314,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOV. Financial Life Planners purchased a new stake in Dover in the 3rd quarter worth approximately $25,000. Tompkins Financial Corp increased its holdings in Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Leonteq Securities AG purchased a new stake in Dover in the 4th quarter worth approximately $34,000. Westside Investment Management Inc. increased its holdings in Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 114 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Dover by 371.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 208 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Up 0.1%

Shares of DOV opened at $210.10 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a 50 day simple moving average of $214.70 and a two-hundred day simple moving average of $207.45. The firm has a market cap of $28.29 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

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, beating analysts’ consensus estimates 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 analyst estimates of $2.19 billion. During the same period last year, the firm posted $2.05 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DOV shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. BMO Capital Markets increased their target price on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of Dover 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, May 3rd. Finally, Barclays increased their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

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.