Dover (NYSE:DOV) Updates FY 2026 Earnings Guidance

Dover (NYSE:DOV) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.550-10.750 for the period, compared to the consensus EPS estimate of 10.640. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion.

Dover Stock Performance

Shares of DOV opened at $214.71 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The stock has a market cap of $28.91 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.61 and a beta of 1.16. The business’s 50 day moving average price is $215.99 and its 200-day moving average price is $215.49. Dover has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts anticipate that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Analysts Set New Price Targets

DOV has been the subject of a number of research reports. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Citigroup reaffirmed a “buy” rating on shares of Dover in a report on Friday, April 24th. Oppenheimer increased their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $241.43.

Institutional Investors Weigh In On Dover

Several large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Dover by 179.7% during the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock valued at $489,900,000 after buying an additional 1,612,159 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Dover by 912.9% during the 2nd quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock worth $144,572,000 after acquiring an additional 711,471 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Dover by 65.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,317,787 shares of the industrial products company’s stock valued at $219,846,000 after acquiring an additional 520,211 shares during the last quarter. Wellington Management Group LLP increased its stake in Dover by 16.1% in the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock worth $355,458,000 after purchasing an additional 294,856 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of Dover by 667.2% during the third quarter. Voloridge Investment Management LLC now owns 327,155 shares of the industrial products company’s stock worth $54,579,000 after purchasing an additional 284,514 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

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.