Dover Corporation (NYSE:DOV) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a moderately bullish view: Fifteen firms rate Dover “Moderate Buy,” with 10 buys and five holds. The average 12-month price target is $238.29, above the reported $198.54 share price.
• Dover slightly exceeded quarterly EPS expectations, reporting $2.74 versus the $2.72 consensus, while revenue rose 6.8% year over year to $2.19 billion. Analysts expect about $10.67 in EPS for the current year.
• The company increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield and a 25.3% payout ratio.

Dover Corporation (NYSE:DOV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $238.2857.

Several equities research analysts have issued reports on DOV shares. Royal Bank Of Canada cut their target price on Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a research note on Friday, July 24th. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Morgan Stanley increased their price target on Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, June 4th. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of Dover from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th.

Dover Stock Performance

NYSE:DOV opened at $198.54 on Monday. The company's 50-day moving average is $210.67 and its two-hundred day moving average is $215.06. Dover has a 1-year low of $158.97 and a 1-year high of $237.54. 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 $26.74 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.51 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last announced 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $2.44 EPS. The business's 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. Analysts forecast that Dover will post 10.67 EPS for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.525 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio (DPR) is currently 25.30%.

Institutional Trading of Dover

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in shares of Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company's stock worth $25,000 after buying an additional 89 shares during the period. Reflection Asset Management purchased a new stake in shares of Dover in the 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new position in Dover during the 4th quarter worth about $29,000. Clearstead Trust LLC acquired a new position in Dover during the 2nd quarter worth about $30,000. Finally, Financial Life Planners purchased a new position in Dover during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Company Profile

Dover Corporation is a diversified global manufacturer 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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