Zacks Research Has Negative Estimate for Dover Q3 Earnings

Key Points

• Zacks Research has lowered its Q3 2025 earnings per share (EPS) estimate for Dover Corporation from $2.49 to $2.48.
• Despite the negative forecast, Dover recently reported Q2 earnings of $2.44 per share, exceeding the consensus estimate of $2.39.
• Multiple analysts have raised their price targets for Dover, with Citigroup setting a new target at $226.00 and Robert W. Baird at $234.00.

Dover Corporation (NYSE:DOV - Free Report) - Research analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for shares of Dover in a note issued to investors on Wednesday, August 6th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.48 for the quarter, down from their prior estimate of $2.49. The consensus estimate for Dover's current full-year earnings is $9.45 per share. Zacks Research also issued estimates for Dover's Q4 2025 earnings at $2.41 EPS, FY2025 earnings at $9.38 EPS, Q2 2026 earnings at $2.63 EPS, Q3 2026 earnings at $2.70 EPS, Q4 2026 earnings at $2.68 EPS, FY2026 earnings at $10.29 EPS, Q1 2027 earnings at $2.51 EPS and FY2027 earnings at $11.04 EPS.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company boosted their target price on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Morgan Stanley initiated coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target on the stock. Barclays boosted their price objective on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada increased their price target on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Dover has an average rating of "Moderate Buy" and a consensus price target of $213.92.

Dover Trading Down 0.3%

Shares of DOV traded down $0.54 during mid-day trading on Friday, hitting $173.43. 608,822 shares of the company's stock traded hands, compared to its average volume of 1,271,200. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. Dover has a 1 year low of $143.04 and a 1 year high of $222.31. The firm has a market capitalization of $23.78 billion, a P/E ratio of 10.46, a PEG ratio of 1.38 and a beta of 1.26. The business's 50-day moving average price is $182.22 and its 200-day moving average price is $182.22.

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, topping analysts' consensus estimates of $2.39 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.52 per share. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. Dover's dividend payout ratio is 12.42%.

Hedge Funds Weigh In On Dover

A number of institutional investors and hedge funds have recently modified their holdings of DOV. North Capital Inc. purchased a new stake in Dover in the first quarter valued at $29,000. AdvisorShares Investments LLC purchased a new stake in Dover in the second quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in Dover in the first quarter valued at $31,000. Harbour Investments Inc. lifted its position in Dover by 51.7% in the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock valued at $33,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

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.