Dover (NYSE:DOV) Given New $245.00 Price Target at Mizuho

Dover (NYSE:DOV) had its price objective dropped by research analysts at Mizuho from $270.00 to $245.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target points to a potential upside of 26.68% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Royal Bank Of Canada decreased their price objective on Dover from $227.00 to $216.00 and set a “sector perform” rating on the stock in a research note on Wednesday. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $255.00 to $240.00 in a report on Friday, July 24th. Weiss Ratings downgraded shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.93.

Dover Stock Up 0.5%

DOV stock opened at $193.41 on Thursday. The company has a market cap of $26.05 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.68 and a beta of 1.13. Dover has a 52 week low of $161.27 and a 52 week high of $237.54. The company’s 50-day moving average price is $195.10 and its 200 day moving average price is $208.03. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

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, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the company posted $2.44 earnings per share. The firm’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, research analysts expect that Dover will post 10.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Reflection Asset Management acquired a new position in Dover during the fourth quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in Dover during the second quarter worth approximately $30,000. MV Capital Management Inc. acquired a new position in shares of Dover in the 4th quarter valued at $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Dover in the 2nd quarter valued at $34,000. Finally, Financial Life Planners purchased a new stake in shares of Dover during the 1st quarter valued at $31,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

About Dover

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

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.