Dover Stock Gets Stronger EPS Estimate from Zacks Research

Key Points

• Zacks Research raised Dover’s Q3 2028 EPS estimate to $2.99 from $2.98, while analysts’ full-year consensus estimate stands at $10.67 per share.
• Dover has a “Moderate Buy” consensus rating from analysts, with an average price target of $238.21 compared with the referenced share price of $188.09.
• The company reported quarterly EPS of $2.74, slightly exceeding expectations, and increased its quarterly dividend to $0.525 per share, or $2.10 annualized.

Dover Corporation (NYSE:DOV - Free Report) - Equities researchers at Zacks Research lifted their Q3 2028 EPS estimates for shares of Dover in a research note issued on Tuesday, September 29th. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.99 per share for the quarter, up from their prior forecast of $2.98. The consensus estimate for Dover's current full-year earnings is $10.67 per share.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley upped their price target on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Royal Bank Of Canada dropped their target price on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company began coverage on shares of Dover in a report on Thursday, September 24th. They set an "overweight" rating and a $229.00 target price for the company. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.21.

Dover Trading Up 0.6%

Shares of Dover stock opened at $188.09 on Friday. The business has a fifty day simple moving average of $197.71 and a 200-day simple moving average of $209.38. Dover has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS.

Institutional Trading of Dover

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Dover during the 2nd quarter worth about $2,347,134,000. Bank of New York Mellon Corp lifted its position in shares of Dover by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company's stock worth $631,806,000 after purchasing an additional 150,319 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Dover during the second quarter worth approximately $625,375,000. Franklin Resources Inc. grew its position in Dover by 5.8% during the fourth quarter. Franklin Resources Inc. now owns 1,760,151 shares of the industrial products company's stock valued at $343,652,000 after purchasing an additional 95,845 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dover by 2.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company's stock valued at $217,433,000 after buying an additional 20,590 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.5250 per share. This is an increase from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover's dividend payout ratio (DPR) is presently 25.30%.

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Broad-based upward revisions to earnings estimates: Zacks Research raised its estimates for Dover’s fourth-quarter 2026 EPS to $2.75 from $2.74, fiscal 2027 EPS to $11.24 from $11.21, and fiscal 2028 EPS to $11.80 from $11.76. It also made smaller increases to several 2027 and 2028 quarterly forecasts, signaling modestly improved expectations for future profitability. Dover analyst estimate report
• Positive Sentiment: Analyst price target indicates potential upside: Analysts cited by American Banking News set an average price target of $238.21, well above the stock’s referenced trading level near $188. This supports investor optimism, although price targets are forecasts rather than guarantees. Dover average analyst price target
• Neutral Sentiment: New products and technologies to be showcased: Dover operating companies will present convenience-store, fueling, and petroleum-equipment solutions at the NACS Show and PEI Convention in Las Vegas from October 6–9. The events could generate customer interest and commercial opportunities, but no contracts, revenue impact, or guidance changes were announced. Dover technology presentation announcement

Dover Company Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company's products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.

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