Dover Corporation (NYSE:DOV) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Ten of 15 brokerages rate Dover a buy and five recommend holding the stock, resulting in a “Moderate Buy” consensus. The average 12-month price target is $238.29, versus a recent share price of $210.45.
• Dover’s latest quarterly earnings 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. Analysts expect full-year fiscal 2026 EPS of approximately $10.65.
• The company declared a quarterly dividend of $0.52, equivalent to $2.08 annually and a 1.0% yield, with a 25.06% payout ratio. Institutional investors own approximately 84.46% of Dover’s outstanding shares.

Dover Corporation (NYSE:DOV - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $238.2857.

Several analysts have weighed in on DOV shares. Oppenheimer upped their price objective on shares of Dover from $242.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Morgan Stanley lifted their target price on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Royal Bank Of Canada reduced their target price on Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a report on Friday, July 24th. Seaport Research Partners increased their price target on Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Finally, Citigroup reiterated a "buy" rating on shares of Dover in a research report on Friday, April 24th.

Dover Stock Up 0.2%

Shares of NYSE DOV opened at $210.45 on Thursday. Dover has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The business has a fifty day moving average of $214.62 and a two-hundred day moving average of $215.63. The stock has a market cap of $28.34 billion, a PE ratio of 25.35, a PEG ratio of 1.60 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The business 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 firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts expect that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Dover's payout ratio is currently 25.06%.

Institutional Investors Weigh In On Dover

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company's stock valued at $2,526,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC raised its position in Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company's stock worth $2,636,000 after purchasing an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Dover in the 2nd quarter worth approximately $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Dover during the 2nd quarter worth $1,030,000. Institutional investors own 84.46% of the company's stock.

About Dover

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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