FY2025 Earnings Forecast for Dover Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised its FY2025 earnings estimate for Dover Corporation to $9.42 per share, slightly above the previous estimate of $9.40, but below the consensus estimate of $9.45.
• Multiple analysts have increased their price targets for Dover, with Citigroup raising it to $226 and Robert W. Baird to $234, reflecting a positive outlook for the stock.
• Dover recently announced a quarterly dividend of $0.515 per share, yielding 1.13%, contributing to a low dividend payout ratio of 12.42%.

Dover Corporation (NYSE:DOV - Free Report) - Investment analysts at Seaport Res Ptn upped their FY2025 EPS estimates for Dover in a research note issued to investors on Monday, July 28th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $9.42 for the year, up from their previous estimate of $9.40. The consensus estimate for Dover's current full-year earnings is $9.45 per share. Seaport Res Ptn also issued estimates for Dover's Q2 2026 earnings at $2.66 EPS and FY2026 earnings at $10.31 EPS.

A number of other analysts have also recently weighed in on the company. Citigroup reaffirmed a "buy" rating and set a $226.00 price objective (up from $202.00) on shares of Dover in a research report on Monday, July 14th. Barclays increased their price objective on Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Morgan Stanley assumed coverage on Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective for the company. Wells Fargo & Company increased their price objective on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their price objective on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $213.92.

Dover Stock Performance

Dover stock traded down $6.17 during midday trading on Thursday, hitting $174.97. 1,540,718 shares of the company's stock were exchanged, compared to its average volume of 1,161,363. Dover has a 12-month low of $143.04 and a 12-month 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 stock has a market cap of $23.99 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The firm's 50 day simple moving average is $182.64 and its 200 day simple moving average is $183.01.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $2.36 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its holdings in Dover by 1.2% in the second quarter. New York Life Investment Management LLC now owns 20,456 shares of the industrial products company's stock valued at $3,748,000 after acquiring an additional 235 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Dover by 10.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,162 shares of the industrial products company's stock valued at $5,893,000 after purchasing an additional 3,100 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in Dover by 2.5% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 2,712 shares of the industrial products company's stock valued at $497,000 after purchasing an additional 67 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Dover in the second quarter valued at about $239,000. Finally, Chilton Capital Management LLC raised its position in Dover by 82.0% in the second quarter. Chilton Capital Management LLC now owns 242,427 shares of the industrial products company's stock valued at $44,420,000 after purchasing an additional 109,193 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

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.