Dover Corporation (NYSE:DOV) Receives Consensus Rating of “Moderate Buy” from Analysts

Dover Corporation (NYSE:DOV) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $241.4286.

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays lifted their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Finally, Citigroup restated a “buy” rating on shares of Dover in a research report on Friday, April 24th.

Institutional Investors Weigh In On Dover

Several large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its position in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Reflection Asset Management purchased a new position in Dover during the 4th quarter worth $26,000. MV Capital Management Inc. purchased a new position in Dover during the 4th quarter worth $29,000. Financial Life Planners acquired a new stake in shares of Dover in the 1st quarter worth $31,000. Finally, Tompkins Financial Corp boosted its holdings in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV traded up $4.16 on Friday, reaching $215.72. The stock had a trading volume of 1,048,592 shares, compared to its average volume of 1,099,786. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover has a 12-month low of $158.97 and a 12-month high of $237.54. The business’s 50-day moving average price is $217.20 and its 200 day moving average price is $214.53. The stock has a market cap of $29.05 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share 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 the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts expect that Dover will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Dover Company 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.