Dover Corporation (DOV) – What Are Analysts Thinking About This Stock?

Dover Corporation (NYSE:DOV) has been assigned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $237.93.

DOV has been the subject of several recent analyst reports. Wolfe Research restated an “outperform” rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Mizuho dropped their target price on shares of Dover from $270.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Wells Fargo & Company assumed coverage on shares of Dover in a research report on Thursday, September 24th. They issued an “overweight” rating and a $229.00 target price on the stock. Royal Bank Of Canada cut their price target on shares of Dover from $227.00 to $216.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. Finally, Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd.

Dover Stock Down 0.3%

Dover stock opened at $195.29 on Tuesday. Dover has a 1-year low of $166.93 and a 1-year high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market cap of $26.30 billion, a PE ratio of 23.53, a P/E/G ratio of 1.71 and a beta of 1.13. The stock’s fifty day moving average is $194.17 and its two-hundred day moving average is $207.79.

Dover (NYSE:DOV) last released its quarterly earnings data 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 return on equity of 18.32% and a net margin of 13.48%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the firm posted $2.44 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts expect that Dover will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.5250 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. Dover’s dividend payout ratio is 25.30%.

Institutional Trading of Dover

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Dover during the 2nd quarter worth approximately $2,347,134,000. Bank of New York Mellon Corp increased its position in Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after buying an additional 150,319 shares during the period. Bank of America Corp DE acquired a new position in Dover during the second quarter worth approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dover by 2.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company’s stock worth $217,433,000 after buying an additional 20,590 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Dover in the second quarter valued at approximately $211,269,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Company Profile

Dover Corporation (NYSE: DOV) is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company’s products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.