Dover (NYSE:DOV) Releases FY 2025 Earnings Guidance

Dover (NYSE:DOV - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.350-9.550 for the period, compared to the consensus estimate of 9.338. The company issued revenue guidance of -.

Dover Trading Down 0.5%

Shares of DOV stock traded down $0.88 on Monday, hitting $185.62. The stock had a trading volume of 335,247 shares, compared to its average volume of 1,065,473. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. The firm has a market capitalization of $25.45 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.49 and a beta of 1.26. Dover has a 1 year low of $143.04 and a 1 year high of $222.31. The company's 50 day moving average price is $182.63 and its 200-day moving average price is $183.14.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.05. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.36 EPS. Analysts anticipate that Dover will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, May 30th. Dover's payout ratio is 12.42%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DOV. Barclays lifted their target price on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday. Wells Fargo & Company boosted their price objective on Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a report on Friday. Citigroup restated a "buy" rating and issued a $226.00 target price (up from $202.00) on shares of Dover in a research note on Monday, July 14th. Finally, Robert W. Baird boosted their price objective on Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.92.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in Dover by 11.8% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company's stock worth $2,526,000 after buying an additional 676 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in 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 buying an additional 1,128 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.