Dover (NYSE:DOV – Get Free Report) was upgraded by equities researchers at Wells Fargo & Company to a “strong-buy” rating in a report released on Thursday, Zacks reports.
DOV has been the subject of a number of other research reports. Morgan Stanley raised their price objective on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Weiss Ratings cut Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Wolfe Research restated an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.21.
Read Our Latest Stock Report on Dover
Dover Stock Up 2.1%
Dover (NYSE:DOV – Get Free Report) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts forecast that Dover will post 10.67 earnings per share for the current year.
Institutional Investors Weigh In On Dover
Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Dover in the 2nd quarter worth approximately $2,347,134,000. Bank of America Corp DE acquired a new position in Dover during the second quarter worth $625,375,000. Bank of New York Mellon Corp purchased a new stake in Dover during the second quarter worth $591,207,000. Norges Bank purchased a new stake in Dover during the fourth quarter worth $275,907,000. Finally, Hsbc Holdings PLC acquired a new stake in Dover in the second quarter valued at $211,269,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.
Dover Company Profile
Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.
The company’s products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.
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