Dover Corporation (NYSE:DOV) Receives $237.36 Consensus PT from Analysts

Shares of Dover Corporation (NYSE:DOV) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $237.3571.

A number of analysts have recently commented on the company. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Robert W. Baird lifted their price objective on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th.

Dover Trading Down 0.5%

NYSE:DOV opened at $211.35 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The business’s 50-day simple moving average is $215.02 and its 200-day simple moving average is $208.20. Dover has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The stock has a market capitalization of $28.46 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts expect that Dover will post 10.62 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is 25.94%.

Institutional Trading of Dover

Several institutional investors and hedge funds have recently bought and sold shares of the stock. True North Advisors LLC raised its holdings in Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after acquiring an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in Dover by 2.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Dover by 1.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

About Dover

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.