Zacks Research Analysts Boost Earnings Estimates for Dover

Dover Corporation (NYSE:DOV - Free Report) - Stock analysts at Zacks Research increased their Q2 2027 earnings per share (EPS) estimates for shares of Dover in a research note issued to investors on Monday, June 30th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.77 for the quarter, up from their previous estimate of $2.76. The consensus estimate for Dover's current full-year earnings is $9.45 per share.

Several other equities research analysts also recently commented on DOV. Mizuho upped their target price on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Barclays raised their target price on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Citigroup cut their price target on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Morgan Stanley began coverage on Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $206.50.

Dover Price Performance

Shares of NYSE DOV traded up $2.07 during trading on Wednesday, hitting $188.23. The company had a trading volume of 779,126 shares, compared to its average volume of 954,173. The company has a market cap of $25.81 billion, a P/E ratio of 11.34, a PEG ratio of 1.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. The business's 50-day moving average is $177.85 and its 200 day moving average is $183.31. Dover has a 52 week low of $143.04 and a 52 week high of $222.31.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly 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. Dover had a net margin of 28.85% and a return on equity of 19.54%. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the business earned $1.95 earnings per share. Dover's revenue for the quarter was down .9% compared to the same quarter last year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, May 30th. Dover's dividend payout ratio is 12.41%.

Institutional Investors Weigh In On Dover

Several hedge funds have recently modified their holdings of DOV. Vanguard Group Inc. boosted its holdings in Dover by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company's stock valued at $2,870,986,000 after purchasing an additional 106,679 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dover by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company's stock valued at $618,068,000 after buying an additional 74,541 shares during the period. FMR LLC increased its stake in Dover by 1.1% during the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company's stock valued at $585,010,000 after acquiring an additional 32,565 shares during the period. Nuveen LLC acquired a new position in Dover in the 1st quarter valued at approximately $526,081,000. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Dover by 31.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock worth $409,530,000 after acquiring an additional 524,092 shares during the period. 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.