Dover (NYSE:DOV) Updates FY 2025 Earnings Guidance

Key Points

• Dover has updated its FY 2025 earnings guidance, forecasting earnings per share (EPS) of 9.500-9.600 and revenue of $8.1 billion-$8.2 billion, slightly above consensus estimates.
• Recent analyst ratings for Dover include upgrades from Robert W. Baird and Citigroup, with target prices increasing to $234.00 and $226.00 respectively.
• The company recently announced a quarterly dividend of $0.52 per share, marking an increase from the previous payout, with a current yield of 1.2%.

Dover (NYSE:DOV - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 9.500-9.600 for the period, compared to the consensus estimate of 9.470. The company issued revenue guidance of $8.1 billion-$8.2 billion, compared to the consensus revenue estimate of $8.1 billion.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOV shares. Robert W. Baird upped their price target on shares of Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Citigroup reaffirmed a "buy" rating and set a $226.00 price target (up from $202.00) on shares of Dover in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on Dover from $217.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dover in a report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on shares of Dover from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Monday, October 6th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Dover presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.25.

Dover Trading Down 3.3%

Dover stock opened at $167.37 on Thursday. Dover has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a 50 day moving average price of $172.07 and a 200 day moving average price of $175.46.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion during the quarter. Dover had a return on equity of 18.19% and a net margin of 29.29%. Research analysts forecast that Dover will post 9.45 EPS for the current year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. Dover's dividend payout ratio (DPR) is currently 12.55%.

Institutional Trading of Dover

Several large investors have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in shares of Dover in the second quarter worth about $74,000. Royal Capital Wealth Management LLC acquired a new stake in Dover in the 2nd quarter valued at approximately $201,000. Benjamin Edwards Inc. bought a new position in Dover during the second quarter worth $247,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Dover in the second quarter valued at about $290,000. Finally, Sivia Capital Partners LLC acquired a new stake in Dover during the second quarter worth about $488,000. 84.46% of the stock is owned by institutional investors.

About Dover

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.