Dover (NYSE:DOV) Price Target Raised to $250.00 at BMO Capital Markets

Key Points

• BMO Capital Markets raised its price target on Dover to $250 (from $237) while maintaining a "market perform" rating, implying roughly a 10.6% upside; the Street consensus is a "Moderate Buy" with a $234.69 target (nine Buy, five Hold).
• Dover reported Q1 EPS of $2.28, beating estimates by $0.01 but missing on revenue at $2.05B versus roughly $2.19B expected, and set FY2026 guidance of $10.45–$10.65 in line with consensus.
• Insiders have been net sellers: CEO Richard J. Tobin sold 76,997 shares for about $17.9M and insiders sold 82,497 shares (~$19.2M) in the past three months, with insiders owning 1.10% of the stock.

Dover (NYSE:DOV - Get Free Report) had its price objective raised by research analysts at BMO Capital Markets from $237.00 to $250.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a "market perform" rating on the industrial products company's stock. BMO Capital Markets' price target would suggest a potential upside of 10.58% from the stock's current price.

DOV has been the topic of several other reports. Wells Fargo & Company upgraded Dover from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. UBS Group set a $256.00 price objective on Dover and gave the company a "buy" rating in a research note on Sunday, January 4th. Wall Street Zen upgraded Dover from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Oppenheimer upped their price objective on Dover from $232.00 to $242.00 and gave the company an "outperform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on Dover from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.69.

Dover Stock Performance

DOV traded down $2.07 on Friday, hitting $226.08. 50,173 shares of the stock traded hands, compared to its average volume of 1,240,437. Dover has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $30.48 billion, a PE ratio of 28.47, a P/E/G ratio of 1.66 and a beta of 1.25. The business has a fifty day moving average price of $216.98 and a two-hundred day moving average price of $200.51.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts predict that Dover will post 10.54 EPS for the current fiscal year.

Insider Transactions at Dover

In other news, CEO Richard J. Tobin sold 76,997 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares of the company's stock, valued at $50,723,713.30. The trade was a 26.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares in the company, valued at $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,497 shares of company stock valued at $19,196,277 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Life Planners acquired a new position in Dover during the 3rd quarter worth $25,000. Meeder Asset Management Inc. lifted its holdings in Dover by 234.2% during the 4th 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 in the last quarter. Reflection Asset Management acquired a new position in Dover during the 4th quarter worth $26,000. MV Capital Management Inc. acquired a new position in Dover during the 4th quarter worth $29,000. Finally, Tompkins Financial Corp lifted its holdings in Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company's stock worth $30,000 after buying an additional 77 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

More Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Robert W. Baird raised its price target on DOV from $255 to $279 and reiterated an "Outperform" rating, implying ~22% upside from the recent open — a bullish catalyst for investor sentiment. Baird raises price target
• Positive Sentiment: Dover reported Q1 EPS of $2.28, narrowly beating consensus ($2.27) and showing double-digit year-over-year EPS growth; management cited solid demand and rising bookings across segments. This supports expectations for continued profitable growth. Dover Q1 Earnings Beat Estimates, Rise Y/Y on Solid Demand
• Positive Sentiment: Product/market expansion: Waukesha Bearings (a Dover unit) launched the NordAlign™ bearing for wind-turbine main shafts — a strategic product win that could support exposure to renewable-energy and aftermarket demand. Waukesha Bearings Unveils NordAlign Bearing
• Neutral Sentiment: Dover set FY2026 EPS guidance of $10.45–$10.65 (consensus ~10.58) and revenue guidance ~$8.5–8.7B (consensus ~8.6B) — broadly in line with Street expectations but offering limited upside surprise. Dover FY2026 guidance (press release/slide deck)
• Neutral Sentiment: Dover confirmed no material changes to its 2025 risk profile but disclosed a new Regulation-category risk and directed investors to its prior 10‑K — a routine compliance update that merits review but is not an immediate earnings driver. Dover confirms no material changes to 2025 risk profile
• Neutral Sentiment: Analyst/forecast notes: Zacks and other outlets have published coverage and longer-term (FY2028) model updates — useful for valuation context but not immediate catalysts. Zacks Research Estimates Dover's FY2028 Earnings
• Negative Sentiment: Revenue missed Street expectations: Q1 revenue was $2.05B versus analysts' ~$2.19B estimate, which could temper near-term multiple expansion despite the EPS beat and strong margins. Dover Q1 revenue below estimates

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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