Welch & Forbes LLC Decreases Position in Dover Corporation $DOV

Welch & Forbes LLC trimmed its position in Dover Corporation (NYSE:DOV) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,797 shares of the industrial products company’s stock after selling 2,753 shares during the period. Welch & Forbes LLC owned about 0.11% of Dover worth $25,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC increased its position in shares of Dover by 4.5% during the third quarter. Cornerstone Wealth Management LLC now owns 29,888 shares of the industrial products company’s stock worth $4,986,000 after purchasing an additional 1,287 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Dover by 1.3% during the third quarter. Arizona State Retirement System now owns 40,562 shares of the industrial products company’s stock worth $6,767,000 after buying an additional 502 shares in the last quarter. Atlantic Private Wealth LLC acquired a new stake in shares of Dover in the third quarter valued at about $143,000. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Dover by 8.3% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 2,605 shares of the industrial products company’s stock worth $435,000 after buying an additional 200 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in Dover by 11.7% during the third quarter. TD Waterhouse Canada Inc. now owns 8,209 shares of the industrial products company’s stock worth $1,366,000 after acquiring an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

More Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Q4 results beat expectations — Dover reported $2.51 EPS (toppling the $2.48 consensus) and revenue (~$2.10B) rose ~8.8% y/y, with margins and bookings improving; this confirms accelerating organic growth. Read More.
• Positive Sentiment: Data‑center demand helped results — management cited strong demand for AI/data‑center liquid‑cooling products as a driver of Q4 profit growth, signaling exposure to a higher‑growth end market. Read More.
• Positive Sentiment: New product launch supports long‑term end markets — SWEP (a Dover business) introduced an all‑stainless heat‑exchanger product aimed at electronics/semiconductor cooling, strengthening product exposure to secular trends. Read More.
• Neutral Sentiment: Analyst action mixed — Wells Fargo nudged its price target to $210 from $205 but kept an “equal weight” rating, a modest positive on valuation but not a bullish endorsement. Read More.
• Neutral Sentiment: Investor materials available — Management hosted the Q4 call and published the press release and slide deck (useful for digging into segment dynamics, margin drivers and backlog details). Read More.
• Negative Sentiment: FY‑2026 guidance slightly soft on EPS — Dover guided EPS to $10.45–$10.65 vs. a consensus near $10.62; the lower end of the range and tightness around consensus likely disappointed some investors and capped upside given the beat elsewhere.
• Negative Sentiment: Market caution — some commentators urged patience ahead of the quarter (e.g., cautious take from commentators like Jim Cramer), contributing to muted investor reaction despite the beat. Read More.

Dover Stock Down 0.5%

Shares of NYSE:DOV opened at $201.57 on Friday. The company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.41 and a beta of 1.31. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The business has a 50-day moving average price of $198.14 and a 200 day moving average price of $183.98. The company has a current ratio of 1.79, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $2.20 earnings per share. Dover’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio (DPR) is 12.79%.

Insider Buying and Selling

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the sale, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Robert W. Baird set a $255.00 target price on shares of Dover in a research note on Friday. Barclays lifted their price objective on Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Morgan Stanley raised their target price on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada lifted their price target on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $224.00 price objective on shares of Dover in a report on Saturday. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.67.

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.