Dover (NYSE:DOV) Given New $245.00 Price Target at Mizuho

Key Points

• Mizuho lowered Dover’s price target to $245 from $270 while maintaining an “outperform” rating, implying approximately 26.7% upside from the stock’s $193.41 price.
• Analyst sentiment remains positive overall, with 11 Buy and five Hold ratings, producing a consensus rating of “Moderate Buy” and an average price target of $237.93.
• Dover exceeded quarterly EPS expectations with $2.74 versus $2.72, while revenue rose 6.8% year over year to $2.19 billion; institutional investors own 84.46% of the company.

Dover (NYSE:DOV - Get Free Report) had its target price lowered by equities researchers at Mizuho from $270.00 to $245.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Mizuho's price objective would suggest a potential upside of 26.68% from the stock's current price.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Wolfe Research reiterated an "outperform" rating and set a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Weiss Ratings lowered Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Finally, Wells Fargo & Company started coverage on Dover in a report on Thursday, September 24th. They set an "overweight" rating and a $229.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $237.93.

Dover Price Performance

DOV stock opened at $193.41 on Thursday. The business's 50-day moving average is $195.10 and its two-hundred day moving average is $208.03. 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 firm has a market capitalization of $26.05 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.68 and a beta of 1.13. Dover has a 1 year low of $161.27 and a 1 year high of $237.54.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company posted $2.44 earnings per share. The business'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. Analysts anticipate that Dover will post 10.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Dover during the 2nd quarter worth approximately $2,347,134,000. Bank of New York Mellon Corp grew its stake in shares of Dover by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company's stock valued at $631,806,000 after purchasing an additional 150,319 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Dover in the second quarter valued at approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dover by 2.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company's stock valued at $217,433,000 after purchasing an additional 20,590 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Dover during the 2nd quarter worth $211,269,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Company Profile

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.

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