What is Seaport Res Ptn's Estimate for Dover Q2 Earnings?

Dover Co. (NYSE:DOV - Free Report) - Equities researchers at Seaport Res Ptn cut their Q2 2025 earnings per share estimates for shares of Dover in a report released on Monday, April 28th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $2.35 per share for the quarter, down from their prior estimate of $2.39. The consensus estimate for Dover's current full-year earnings is $9.45 per share. Seaport Res Ptn also issued estimates for Dover's FY2025 earnings at $9.40 EPS and Q2 2026 earnings at $2.53 EPS.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $1.95 EPS. The firm's quarterly revenue was down .9% on a year-over-year basis.

DOV has been the topic of several other reports. StockNews.com cut Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price target on Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dover has an average rating of "Moderate Buy" and a consensus target price of $206.33.

Dover Price Performance

NYSE DOV traded up $3.93 on Wednesday, reaching $173.74. The company had a trading volume of 1,408,883 shares, compared to its average volume of 971,501. The stock has a market capitalization of $23.82 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $173.81 and its 200 day moving average price is $189.01.

Institutional Investors Weigh In On Dover

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Dover in the fourth quarter valued at about $316,228,000. GAMMA Investing LLC raised its holdings in shares of Dover by 35,832.0% in the 1st quarter. GAMMA Investing LLC now owns 563,054 shares of the industrial products company's stock valued at $98,917,000 after purchasing an additional 561,487 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Dover in the 4th quarter worth approximately $99,017,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Dover by 31.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock valued at $409,530,000 after purchasing an additional 524,092 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Dover by 350.8% during the first quarter. Assenagon Asset Management S.A. now owns 410,350 shares of the industrial products company's stock valued at $72,090,000 after buying an additional 319,319 shares during the period. 84.46% of the stock is owned by institutional investors.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.19%. Dover's dividend payout ratio (DPR) is currently 12.41%.

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.