Zacks Research Has Positive Opinion of Dover FY2026 Earnings

Key Points

• Zacks Research raised its FY2026 EPS forecast for Dover to $10.67 from $10.61, slightly below the analyst consensus of $10.72. It also projects FY2027 EPS of $11.41 and FY2028 EPS of $11.96.
• Dover’s latest quarter beat estimates, reporting EPS of $2.88 versus $2.85 expected and revenue of $2.23 billion versus $2.22 billion. Revenue grew 7.5% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $238.60; 11 rate the stock Buy and five Hold.

Dover Corporation (NYSE:DOV - Free Report) - Stock analysts at Zacks Research increased their FY2026 earnings per share (EPS) estimates for shares of Dover in a note issued to investors on Thursday, November 5th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $10.67 per share for the year, up from their prior forecast of $10.61. The consensus estimate for Dover's current full-year earnings is $10.72 per share. Zacks Research also issued estimates for Dover's Q4 2026 earnings at $2.77 EPS, Q1 2027 earnings at $2.50 EPS, Q2 2027 earnings at $2.97 EPS, Q3 2027 earnings at $3.00 EPS, Q4 2027 earnings at $2.94 EPS, FY2027 earnings at $11.41 EPS, Q1 2028 earnings at $2.76 EPS, Q2 2028 earnings at $3.00 EPS, Q3 2028 earnings at $3.06 EPS and FY2028 earnings at $11.96 EPS.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, October 22nd. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.03. Dover had a net margin of 13.60% and a return on equity of 18.68%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm posted $2.62 EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Weiss Ratings cut shares of Dover from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd. Robert W. Baird set a $258.00 target price on shares of Dover in a report on Friday, October 23rd. Finally, Wells Fargo & Company increased their price target on Dover from $229.00 to $233.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $238.60.

Dover Price Performance

Shares of NYSE:DOV opened at $202.38 on Friday. The company has a market capitalization of $26.92 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.83 and a beta of 1.10. Dover has a 1-year low of $176.91 and a 1-year high of $237.54. The firm's 50 day simple moving average is $194.60 and its two-hundred day simple moving average is $209.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.37.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently modified their holdings of DOV. BlackRock Inc. purchased a new position in shares of Dover during the second quarter worth approximately $2,347,134,000. Bank of New York Mellon Corp raised its stake in shares of Dover by 5.2% during 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 acquiring an additional 150,319 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Dover in the second quarter valued at approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dover by 2.2% in the second 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 purchasing an additional 20,590 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Dover in the second quarter worth approximately $211,269,000. Institutional investors own 84.46% of the company's stock.

Insiders Place Their Bets

In other Dover news, CEO Richard Tobin sold 86,440 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $214.86, for a total transaction of $18,572,498.40. Following the completion of the sale, the chief executive officer directly owned 212,855 shares of the company's stock, valued at $45,734,025.30. This trade represents a 28.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Dover Company Profile

Dover Corporation NYSE: DOV is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company's products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.

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