Dover Corporation (NYSE:DOV - Free Report) - Investment analysts at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Dover in a research note issued to investors on Wednesday, August 6th. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $2.28 per share for the quarter, up from their previous estimate of $2.25. The consensus estimate for Dover's current full-year earnings is $9.45 per share. Zacks Research also issued estimates for Dover's Q2 2027 earnings at $2.76 EPS.
Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.05. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS.
A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lifted their price target on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Mizuho lifted their price target on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Royal Bank Of Canada lifted their price target on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Barclays boosted their target price on Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, Citigroup reissued a "buy" rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $213.92.
Check Out Our Latest Report on DOV
Dover Stock Down 0.3%
Shares of Dover stock opened at $173.43 on Monday. The company has a market capitalization of $23.78 billion, a PE ratio of 10.46, a P/E/G ratio of 1.38 and a beta of 1.26. Dover has a 1-year low of $143.04 and a 1-year high of $222.31. The business has a 50-day moving average of $182.22 and a 200-day moving average of $182.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35.
Dover Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.52 per share. This is a boost from Dover's previous quarterly dividend of $0.52. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. Dover's payout ratio is currently 12.42%.
Hedge Funds Weigh In On Dover
Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in Dover by 0.7% in the second quarter. Rockefeller Capital Management L.P. now owns 98,377 shares of the industrial products company's stock worth $18,026,000 after purchasing an additional 727 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Dover by 2.5% during the second quarter. Citizens Financial Group Inc. RI now owns 3,057 shares of the industrial products company's stock valued at $560,000 after buying an additional 75 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in shares of Dover by 2.1% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 354,474 shares of the industrial products company's stock valued at $64,950,000 after buying an additional 7,242 shares during the last quarter. Cetera Investment Advisers raised its position in Dover by 1.7% in the second quarter. Cetera Investment Advisers now owns 27,711 shares of the industrial products company's stock worth $5,077,000 after purchasing an additional 455 shares in the last quarter. Finally, Advisory Resource Group raised its position in Dover by 7.7% in the second quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company's stock worth $5,264,000 after purchasing an additional 2,047 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
Dover Company Profile
(
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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.
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