Dover (DOV) Scheduled to Post Quarterly Earnings on Thursday

Dover (NYSE:DOV - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Dover has set its FY 2024 guidance at 8.950-9.150 EPS and its FY24 guidance at $8.95-$9.15 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.01. Dover had a return on equity of 25.95% and a net margin of 12.52%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company posted $2.16 EPS. Dover's quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts expect Dover to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Dover Trading Down 0.5 %

NYSE DOV traded down $0.89 on Thursday, hitting $168.61. The company's stock had a trading volume of 851,405 shares, compared to its average volume of 943,500. The firm has a market cap of $23.16 billion, a PE ratio of 22.42, a PEG ratio of 1.78 and a beta of 1.27. The company's 50-day moving average is $170.06 and its 200 day moving average is $152.71. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. Dover has a 1-year low of $127.25 and a 1-year high of $178.28.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. Dover's payout ratio is 27.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price target on Dover from $177.00 to $187.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup boosted their price target on shares of Dover from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. Seaport Res Ptn upgraded Dover from a "neutral" rating to a "buy" rating in a report on Monday, February 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Dover from $146.00 to $153.00 and gave the company a "sector perform" rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.13.

Insider Transactions at Dover

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brad M. Cerepak sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 over the last ninety days. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dover

Several large investors have recently bought and sold shares of DOV. Fairfield Bush & CO. purchased a new stake in shares of Dover in the first quarter valued at about $48,000. Quantbot Technologies LP bought a new stake in Dover in the 1st quarter worth about $55,000. Advisory Services Network LLC purchased a new stake in Dover in the 4th quarter valued at about $88,000. Covestor Ltd lifted its position in shares of Dover by 98.9% during the 1st quarter. Covestor Ltd now owns 698 shares of the industrial products company's stock worth $110,000 after buying an additional 347 shares in the last quarter. Finally, KB Financial Partners LLC purchased a new position in shares of Dover in the 1st quarter worth approximately $134,000. 84.46% of the stock is currently 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.