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

Dover Corporation (NYSE:DOV) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $238.2857.

A number of equities research analysts recently weighed in on DOV shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price target on shares of Dover in a research note on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th.

Dover Price Performance

Shares of DOV stock opened at $210.45 on Thursday. The firm has a market cap of $28.34 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.60 and a beta of 1.16. 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 stock has a 50-day moving average price of $214.62 and a 200 day moving average price of $215.63.

Dover (NYSE:DOV) last released 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 for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts expect that Dover will post 10.65 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.06%.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently made changes to their positions in DOV. Meeder Asset Management Inc. raised its stake in Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after buying an additional 89 shares during the period. Reflection Asset Management acquired a new stake in shares of Dover during the fourth quarter worth about $26,000. MV Capital Management Inc. bought a new position in shares of Dover during the 4th quarter valued at about $29,000. Financial Life Planners acquired a new position in shares of Dover in the 1st quarter valued at approximately $31,000. Finally, Leonteq Securities AG acquired a new stake in Dover during the 4th quarter worth approximately $34,000. 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.