Sustainable Insight Capital Management LLC Sells 4,700 Shares of Dover Corporation $DOV

Sustainable Insight Capital Management LLC reduced its stake in Dover Corporation (NYSE:DOV) by 36.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,107 shares of the industrial products company’s stock after selling 4,700 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Dover were worth $1,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caerus Investment Advisors LLC boosted its position in shares of Dover by 12.3% in the 4th quarter. Caerus Investment Advisors LLC now owns 3,605 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 394 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Dover by 13.9% in the 4th quarter. Kovack Advisors Inc. now owns 2,332 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 285 shares during the last quarter. Nuveen LLC boosted its position in shares of Dover by 9.9% in the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock worth $512,169,000 after purchasing an additional 235,454 shares during the last quarter. Xponance LLC boosted its position in shares of Dover by 5.8% in the 4th quarter. Xponance LLC now owns 22,291 shares of the industrial products company’s stock worth $4,352,000 after purchasing an additional 1,222 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in shares of Dover by 0.7% in the 4th quarter. IFM Investors Pty Ltd now owns 27,492 shares of the industrial products company’s stock worth $5,368,000 after purchasing an additional 199 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DOV. Barclays raised their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. BMO Capital Markets boosted their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley boosted their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Price Performance

Shares of DOV opened at $219.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The stock has a 50 day simple moving average of $215.84 and a 200 day simple moving average of $210.48. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The firm has a market capitalization of $29.49 billion, a PE ratio of 27.31, a P/E/G ratio of 1.63 and a beta of 1.17.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts predict that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. Dover’s payout ratio is 25.94%.

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.