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

Dover Corporation (NYSE:DOV) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $238.21.

DOV has been the subject of a number of recent analyst reports. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Wells Fargo & Company started coverage on shares of Dover in a research report on Thursday. They set an “overweight” rating and a $229.00 price target on the stock.

Institutional Trading of Dover

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Dover in the second quarter valued at about $2,347,134,000. Bank of America Corp DE acquired a new stake in Dover in the second quarter worth about $625,375,000. Bank of New York Mellon Corp bought a new stake in Dover during the 2nd quarter worth about $591,207,000. Norges Bank acquired a new position in Dover during the 4th quarter valued at about $275,907,000. Finally, Hsbc Holdings PLC bought a new position in shares of Dover in the 2nd quarter valued at about $211,269,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 0.7%

Shares of DOV stock opened at $187.68 on Friday. The company has a market capitalization of $25.28 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.42 and a beta of 1.15. Dover has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $199.68 and a 200 day moving average price of $210.02.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. Dover’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts forecast that Dover will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a $0.5250 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Dover’s payout ratio is presently 25.30%.

Dover Company Profile

Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.

The company’s products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.