Dover (NYSE:DOV) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Dover (NYSE:DOV) from a "hold" to a "buy" and several other firms have raised ratings or price targets, leaving an average analyst rating of Moderate Buy and an average price target of $237.36.
• Dover beat Q1 EPS estimates at $2.28 (vs. $2.27) but missed revenue expectations with $2.05 billion, and set FY2026 guidance of $10.45–$10.65 EPS compared with analysts' consensus of $10.64.
• Significant insider selling has occurred recently: CEO Richard Tobin sold 76,997 shares (~$17.9M) and insiders sold 82,497 shares (~$19.2M) in the last 90 days, leaving insiders with roughly 1.10% ownership.

Dover (NYSE:DOV - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday.

A number of other brokerages have also recently weighed in on DOV. Wells Fargo & Company upgraded shares of Dover from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. BMO Capital Markets lifted their price objective on shares of Dover from $237.00 to $250.00 and gave the company a "market perform" rating in a report on Friday, April 24th. Citigroup restated a "buy" rating on shares of Dover in a report on Friday, April 24th. The Goldman Sachs Group restated a "buy" rating and issued a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dover from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and an average price target of $237.36.

Dover Price Performance

Shares of DOV opened at $225.92 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The stock has a market cap of $30.42 billion, a PE ratio of 28.17, a P/E/G ratio of 1.72 and a beta of 1.21. The firm has a 50-day simple moving average of $216.25 and a two-hundred day simple moving average of $202.91. Dover has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts forecast that Dover will post 10.64 EPS for the current year.

Insider Activity

In other news, VP Girish Juneja sold 1,500 shares of Dover stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president directly owned 8,422 shares of the company's stock, valued at $1,943,544.94. The trade was a 15.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the transaction, the chief executive officer directly owned 217,979 shares in the company, valued at $50,723,713.30. The trade was a 26.10% 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 ninety days. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dover

A number of institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC increased its holdings in shares of Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company's stock valued at $1,472,000 after acquiring an additional 51 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company's stock worth $476,000 after purchasing an additional 52 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company's stock worth $309,000 after purchasing an additional 53 shares during the period. Tectonic Advisors LLC grew its stake in shares of Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company's stock worth $620,000 after purchasing an additional 54 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company's stock worth $489,000 after purchasing an additional 56 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

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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