Zacks Research Comments on Dover's Q4 Earnings (NYSE:DOV)

Key Points

• Zacks Research raised Dover’s Q4 2026 earnings estimate to $2.75 per share from $2.74, while projecting full-year 2027 and 2028 earnings of $11.24 and $11.80 per share, respectively.
• Dover’s latest quarter beat earnings expectations, reporting $2.74 EPS versus the $2.72 consensus, while revenue increased 6.8% year over year to $2.19 billion but fell slightly short of estimates.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and $238.21 price target. Dover also raised its quarterly dividend to $0.525 per share, equal to a 1.1% annualized yield.

Dover Corporation (NYSE:DOV - Free Report) - Analysts at Zacks Research raised their Q4 2026 earnings estimates for Dover in a note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.75 per share for the quarter, up from their previous forecast of $2.74. The consensus estimate for Dover's current full-year earnings is $10.67 per share. Zacks Research also issued estimates for Dover's Q2 2027 earnings at $2.92 EPS, Q3 2027 earnings at $2.95 EPS, Q4 2027 earnings at $2.90 EPS, FY2027 earnings at $11.24 EPS, Q1 2028 earnings at $2.73 EPS, Q2 2028 earnings at $2.97 EPS and FY2028 earnings at $11.80 EPS.

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 the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.Dover's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS.

A number of other equities analysts also recently commented on DOV. Wells Fargo & Company began coverage on shares of Dover in a research note on Thursday, September 24th. They set an "overweight" rating and a $229.00 target price for the company. Morgan Stanley upped their price objective on Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $238.21.

Dover Stock Down 1.0%

Shares of NYSE:DOV opened at $189.51 on Wednesday. Dover has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm's 50 day moving average price is $198.44 and its 200 day moving average price is $209.61. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15.

Dover Increases Dividend

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

Institutional Investors Weigh In On Dover

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Dover during the 2nd quarter valued at approximately $2,347,134,000. Bank of New York Mellon Corp increased its holdings 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 valued at $631,806,000 after purchasing an additional 150,319 shares during the period. Bank of America Corp DE purchased a new stake in shares of Dover during the second quarter worth approximately $625,375,000. Franklin Resources Inc. raised its stake in shares of Dover by 5.8% during the fourth quarter. Franklin Resources Inc. now owns 1,760,151 shares of the industrial products company's stock worth $343,652,000 after purchasing an additional 95,845 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Dover during the fourth quarter worth $275,907,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

About Dover

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.