Royal Bank Of Canada Cuts Dover (NYSE:DOV) Price Target to $227.00

Posted by Geri Gentry on Jul 27th, 2026

Dover (NYSE:DOV – Free Report) had its target price cut by Royal Bank Of Canada from $252.00 to $227.00 in a research report released on Friday, MarketBeat reports. They currently have a sector perform rating on the industrial products company’s stock.

A number of other equities analysts have also issued reports on DOV. Barclays upped their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Morgan Stanley lifted their price target on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Oppenheimer raised their price objective on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Ten investment 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 has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Read Our Latest Report on Dover

Dover Stock Up 0.1%

Shares of Dover stock opened at $202.45 on Friday. The business has a 50-day moving average of $215.49 and a 200-day moving average of $215.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a market capitalization of $27.27 billion, a PE ratio of 24.39, a P/E/G ratio of 1.54 and a beta of 1.16. Dover has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts forecast that Dover will post 10.66 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.52 per share. 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 (DPR) is currently 25.06%.

Institutional Investors Weigh In On Dover

A number of institutional investors have recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Dover in the 4th quarter worth about $10,195,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Dover by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after acquiring an additional 5,514 shares during the period. BIP Wealth LLC acquired a new stake in Dover during the fourth quarter worth about $538,000. Finally, Leeward Investments LLC MA lifted its holdings in Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after acquiring an additional 10,377 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Key Stories Impacting Dover

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.