Institutional investors maintain a significant stake in Dover Corporation (NYSE:DOV), owning 87% of the company's shares. The top 14 shareholders alone command over half of Dover's equity, with The Vanguard Group, Inc., BlackRock (NYSE:BLK), and State Street Corp (NYSE:STT) being the largest holders, with 12%, approximately 9.5%, and around 7% of the shares, respectively.
Despite this concentration of ownership, no single institution has enough control to dictate company policy. The recent 4.8% increase in Dover's share price has drawn attention from these institutional investors, especially given the company's modest one-year return rate of just 0.4%. This performance is particularly noteworthy as these institutions often compare their investments against major indices that include Dover.
Insider ownership in Dover is relatively minimal, holding less than 1% of shares, valued at approximately $85 million. This suggests that internal stakeholders have limited influence over the company's direction. Nevertheless, there have been recent insider sales that could indicate shifts within the company. The general public also plays a role in Dover's ownership structure, holding around 13% of the shares.
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