Dover Corporation (NYSE:DOV) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a moderately bullish view: Fifteen brokerages rate Dover “Moderate Buy,” with 10 buys and 5 holds. The average 12-month price target is $238.21, above the reported opening price of $187.68.
• Dover’s latest quarterly results slightly exceeded expectations, with EPS of $2.74 versus the $2.72 consensus, while revenue rose 6.8% year over year to $2.19 billion. The company projects fiscal 2026 EPS of $10.55–$10.75.
• Dover increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield and a 25.3% payout ratio. Institutional investors own 84.46% of the company’s stock.

Dover Corporation (NYSE:DOV - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $238.21.

Several brokerages recently issued reports on DOV. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the stock 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. Wells Fargo & Company assumed coverage on Dover in a research note on Thursday. They issued an "overweight" rating and a $229.00 target price for the company. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th.

Dover Price Performance

NYSE:DOV opened at $187.68 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover has a one year low of $158.97 and a one year high of $237.54. The company has a fifty day moving average price of $199.68 and a 200 day moving average price of $210.02. The stock has a market cap of $25.28 billion, a P/E ratio of 22.61, a PEG ratio of 1.42 and a beta of 1.15.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The company 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% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. 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 year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.5250 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio 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 DOV. BlackRock Inc. acquired a new stake in Dover during the second quarter valued at approximately $2,347,134,000. Geode Capital Management LLC lifted its position in shares of Dover by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company's stock worth $684,348,000 after buying an additional 30,372 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 buying an additional 150,319 shares in the last quarter. Bank of America Corp DE bought a new stake in Dover in the second quarter valued at $625,375,000. Finally, Franklin Resources Inc. grew its position in Dover by 5.8% in the fourth quarter. Franklin Resources Inc. now owns 1,760,151 shares of the industrial products company's stock valued at $343,652,000 after acquiring an additional 95,845 shares during the period. 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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