Shares of Dover Corporation (NYSE:DOV – Get Free Report) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $238.2857.
A number of brokerages recently issued reports on DOV. Barclays lifted their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Oppenheimer lifted their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Seaport Research Partners upped their price objective on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th.
Get Our Latest Research Report on Dover
Dover Stock Down 0.2%
Dover (NYSE:DOV – Get Free Report) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate 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 net margin of 13.48% and a return on equity of 18.32%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Sell-side analysts anticipate that Dover will post 10.67 EPS for the current fiscal year.
Dover Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover’s payout ratio is presently 25.30%.
Institutional Investors Weigh In On Dover
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its stake in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Dover during the fourth quarter worth $26,000. MV Capital Management Inc. acquired a new position in shares of Dover during the fourth quarter worth $29,000. Clearstead Trust LLC bought a new position in shares of Dover in the 2nd quarter valued at $30,000. Finally, Financial Life Planners bought a new position in shares of Dover in the 1st quarter valued at $31,000. 84.46% of the stock is owned by institutional investors.
Dover Company Profile
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.
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