Zacks Research Issues Optimistic Estimate for Dover Earnings

Dover Corporation (NYSE:DOV) – Equities research analysts at Zacks Research upped their Q3 2028 earnings per share estimates for Dover in a research note issued on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $2.99 for the quarter, up from their previous forecast of $2.98. The consensus estimate for Dover’s current full-year earnings is $10.67 per share.

Dover (NYSE:DOV) last issued 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 return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. The firm’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.

DOV has been the subject of several other reports. Weiss Ratings downgraded shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Robert W. Baird set a $270.00 price objective on Dover in a research note on Friday, July 24th. Finally, BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Ten 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 data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average target price of $238.21.

Dover Trading Up 0.6%

Shares of DOV stock opened at $188.09 on Friday. Dover has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a market cap of $25.33 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.13. 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 business’s 50 day moving average is $197.71 and its two-hundred day moving average is $209.38.

Hedge Funds Weigh In On Dover

Large investors have recently added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in shares of Dover in the 4th quarter worth approximately $26,000. MV Capital Management Inc. acquired a new position in shares of Dover in the fourth quarter valued at $29,000. Clearstead Trust LLC acquired a new position in shares of Dover in the second quarter valued at $30,000. Financial Life Planners bought a new position in Dover in the first quarter worth $31,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Dover in the second quarter worth $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, August 31st. Dover’s dividend payout ratio (DPR) is 25.30%.

More Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Broad-based upward revisions to earnings estimates: Zacks Research raised its estimates for Dover’s fourth-quarter 2026 EPS to $2.75 from $2.74, fiscal 2027 EPS to $11.24 from $11.21, and fiscal 2028 EPS to $11.80 from $11.76. It also made smaller increases to several 2027 and 2028 quarterly forecasts, signaling modestly improved expectations for future profitability. Dover analyst estimate report
• Positive Sentiment: Analyst price target indicates potential upside: Analysts cited by American Banking News set an average price target of $238.21, well above the stock’s referenced trading level near $188. This supports investor optimism, although price targets are forecasts rather than guarantees. Dover average analyst price target
• Neutral Sentiment: New products and technologies to be showcased: Dover operating companies will present convenience-store, fueling, and petroleum-equipment solutions at the NACS Show and PEI Convention in Las Vegas from October 6–9. The events could generate customer interest and commercial opportunities, but no contracts, revenue impact, or guidance changes were announced. Dover technology presentation announcement

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.