Cerity Partners Raises Dover Stake 34.4% to $15.2M; CFO, SVP Sell Shares

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Cerity Partners LLC increased its Dover stake by 34.4% in Q3, acquiring 23,298 additional shares to hold 91,061 shares worth $15.19 million. CFO Christopher Woenker and SVP Ivonne Cabrera respectively sold 1,627 and 2,630 shares at average prices of $186.04 and $190.80, reducing their holdings by 38.9% and 3.5%.

1. Fourth Quarter 2025 Earnings Release and Conference Call Details

Dover announced it will release its fourth quarter 2025 results on Thursday, January 29, 2026 at approximately 6:00 a.m. Central time (7:00 a.m. Eastern). The company will host a live conference call at 11:00 a.m. Central time (12:00 p.m. Eastern) the same day, accessible via domestic dial-in number 1 (800) 225-9448 or international dial-in number 1 (203) 518-9708 using conference ID DOVQ425. A live webcast link will be available on Dover’s website, with an audio replay offered from noon Central time on January 29 through 10:59 p.m. Central time on February 19 by dialing 1 (800) 723-8184 or 1 (402) 220-2668, and a 90-day archived webcast replay on the corporate site.

2. Institutional Ownership Movements

Cerity Partners LLC increased its holding in Dover by 34.4% during the third quarter, acquiring an additional 23,298 shares to reach a total of 91,061 shares, representing approximately 0.07% of the company and valued at roughly $15.2 million at quarter end. Other notable changes include Harbour Investments Inc. raising its stake by 51.7% to 176 shares, Kornitzer Capital Management Inc. KS adding 60 shares to hold 6,911, Pinnacle Wealth Management Advisory Group LLC buying 60 shares to hold 1,282, Certuity LLC increasing by 2.5% to 2,587 shares, and U.S. Capital Wealth Advisors LLC growing its position by 4.4% to 1,517 shares. Hedge funds and institutional investors collectively own more than 84% of Dover’s shares.

3. Financial Metrics, Guidance and Dividend Declaration

Dover reported second quarter fiscal 2025 revenue of $1.78 billion with earnings per share of $1.55, delivering a return on equity of 17.6% and a net margin of 28.4%. The company has set full-year 2025 guidance of $9.50 to $9.60 in adjusted EPS. Dover recently declared a quarterly dividend of $0.52 per share, payable December 15 to shareholders of record as of November 28, implying an annualized payout of $2.08 and a payout ratio near 12.8%. With a debt-to-equity ratio of 0.35 and a current ratio of 2.04, Dover continues to emphasize balance sheet strength alongside its five operating segments.

4. Company Profile and Strategic Positioning

Headquartered in Downers Grove, Illinois, Dover is a diversified global manufacturer and solutions provider generating over $7 billion in annual revenue. It operates through five segments: Engineered Products; Clean Energy & Fueling; Imaging & Identification; Pumps & Process Solutions; and Climate & Sustainability Technologies. With roughly 24,000 employees and more than 70 years of history, Dover leverages entrepreneurial agility and digital capabilities to deliver equipment, components, consumables, software and support services, positioning itself as a leader in industrial innovation and aftermarket offerings.

Sources

DP