Seaport Res Ptn Weighs in on Dover's Q3 Earnings (NYSE:DOV)

Dover Co. (NYSE:DOV - Free Report) - Equities researchers at Seaport Res Ptn lowered their Q3 2025 earnings per share (EPS) estimates for shares of Dover in a report issued on Monday, April 28th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $2.50 for the quarter, down from their previous forecast of $2.54. The consensus estimate for Dover's current full-year earnings is $9.45 per share. Seaport Res Ptn also issued estimates for Dover's Q4 2025 earnings at $2.49 EPS, Q1 2026 earnings at $2.26 EPS, Q3 2026 earnings at $2.70 EPS, Q4 2026 earnings at $2.71 EPS and FY2026 earnings at $10.20 EPS.

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

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup cut their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

Dover Stock Performance

NYSE:DOV traded up $3.93 during mid-day trading on Thursday, hitting $173.74. 1,408,883 shares of the stock were exchanged, compared to its average volume of 970,288. The firm's 50-day simple moving average is $173.81 and its 200 day simple moving average is $188.99. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

Dover Announces Dividend

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

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently made changes to their positions in DOV. Vanguard Group Inc. grew its stake in shares of Dover by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company's stock worth $3,045,772,000 after buying an additional 57,453 shares during the last quarter. Geode Capital Management LLC grew its position in Dover by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company's stock worth $618,068,000 after acquiring an additional 74,541 shares during the last quarter. FMR LLC increased its holdings in Dover by 1.1% in the 4th quarter. FMR LLC now owns 3,118,391 shares of the industrial products company's stock worth $585,010,000 after purchasing an additional 32,565 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Dover by 31.6% in 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 during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Dover by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company's stock valued at $323,896,000 after purchasing an additional 245,535 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Company Profile

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.