Dover (NYSE:DOV) Downgraded to “Hold” Rating by Wall Street Zen

Posted by George Bondi on Jul 26th, 2026

Wall Street Zen downgraded shares of Dover (NYSE:DOV – Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

DOV has been the topic of several other reports. Morgan Stanley increased their price objective on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Seaport Research Partners boosted their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Oppenheimer increased their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

View Our Latest Report on DOV

Dover Stock Performance

Dover stock opened at $202.45 on Friday. The firm has a market capitalization of $27.26 billion, a P/E ratio of 24.39, a PEG ratio of 1.54 and a beta of 1.16. The stock has a fifty day moving average price of $215.49 and a 200 day moving average price of $215.42. Dover has a 52 week low of $158.97 and a 52 week 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 – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.43% and a net margin of 13.48%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts anticipate that Dover will post 10.66 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is 25.06%.

Hedge Funds Weigh In On Dover

A number of institutional investors and hedge funds have recently bought and sold shares of DOV. Brighton Jones LLC boosted its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares during the period. Empowered Funds LLC increased its stake in Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares during the period. Sivia Capital Partners LLC acquired a new position in Dover in the 2nd quarter worth $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dover in the 2nd quarter valued at about $1,030,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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

About Dover

(Get Free Report)

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.