Dover (NYSE:DOV) Updates FY 2026 Earnings Guidance

Dover (NYSE:DOV) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 10.550-10.750 for the period, compared to the consensus earnings per share estimate of 10.640. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion.

Analyst Ratings Changes

Several brokerages recently issued reports on DOV. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $255.00 to $240.00 in a report on Friday. Wolfe Research reiterated an “outperform” rating and issued a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Barclays boosted their price target on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Oppenheimer upped their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Trading Up 2.4%

Shares of NYSE:DOV opened at $202.45 on Friday. The company has a 50 day moving average of $215.49 and a 200-day moving average of $215.42. The firm has a market cap of $27.26 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.50 and a beta of 1.16. Dover has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 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 18.43%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business earned $2.44 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts anticipate that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

Institutional Trading of Dover

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 89 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Dover during the fourth quarter valued at $37,000. Zions Bancorporation National Association UT boosted its position in shares of Dover by 107.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 245 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 127 shares during the period. J.Safra Asset Management Corp purchased a new position in Dover in the 4th quarter worth about $49,000. Finally, Palisade Asset Management LLC acquired a new stake in Dover during the 3rd quarter worth about $60,000. 84.46% of the stock is owned by institutional investors and hedge funds.

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.