Dover (NYSE:DOV) Releases Quarterly Earnings Results

Key Points

• Dover reported a quarterly earnings per share (EPS) of $2.44, exceeding the consensus estimate of $2.39 and showing a 5.2% year-over-year revenue increase to $2.05 billion.
• The company updated its fiscal year 2025 EPS guidance to a range of $9.350 - $9.550.
• Dover announced a quarterly dividend of $0.515 per share, with a current annualized yield of 1.10%.

Dover (NYSE:DOV - Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05, Zacks reports. Dover had a net margin of 29.29% and a return on equity of 18.77%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company earned $2.36 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Dover updated its FY 2025 guidance to 9.350-9.550 EPS.

Dover Price Performance

NYSE DOV traded down $0.09 during trading on Friday, hitting $186.55. 1,579,882 shares of the company's stock were exchanged, compared to its average volume of 1,078,183. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.58 billion, a PE ratio of 11.25, a P/E/G ratio of 1.57 and a beta of 1.26. Dover has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The stock's 50 day moving average price is $182.63 and its two-hundred day moving average price is $183.16.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 30th. Dover's payout ratio is 12.41%.

Analysts Set New Price Targets

Several equities analysts have commented on DOV shares. Morgan Stanley started coverage on shares of Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Citigroup reissued a "buy" rating and issued a $226.00 target price (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.42.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company's stock valued at $2,636,000 after buying an additional 1,580 shares during the period. Brighton Jones LLC increased its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock valued at $552,000 after buying an additional 1,128 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 buying an additional 676 shares during the period. 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.

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