Rep. Robert Bresnahan, Jr. Buys Dover Co. (NYSE:DOV) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Dover Co. (NYSE:DOV). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Dover stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Dover Stock Up 0.8%

Shares of NYSE:DOV opened at $176.08 on Monday. The company’s fifty day moving average is $171.73 and its 200-day moving average is $188.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a market capitalization of $24.14 billion, a PE ratio of 9.05, a P/E/G ratio of 2.06 and a beta of 1.28.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. Equities research analysts predict that Dover Co. will post 9.45 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 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. Dover’s payout ratio is presently 12.41%.

Institutional Trading of Dover

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after purchasing an additional 75,670 shares during the period. Principal Financial Group Inc. grew its position in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after buying an additional 5,372 shares during the period. Nordea Investment Management AB raised its position in shares of Dover by 14.9% in the 4th quarter. Nordea Investment Management AB now owns 97,885 shares of the industrial products company’s stock valued at $18,300,000 after acquiring an additional 12,709 shares during the period. CWA Asset Management Group LLC raised its position in shares of Dover by 6.0% in the 4th quarter. CWA Asset Management Group LLC now owns 1,320 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 75 shares during the period. Finally, Sterneck Capital Management LLC bought a new position in Dover during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group cut their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Citigroup cut their price target on Dover from $244.00 to $201.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays increased their price objective on shares of Dover from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.33.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.