Dover (NYSE:DOV) Stock Rating Lowered by Wall Street Zen

Dover (NYSE:DOV) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages also recently weighed in on DOV. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price target on shares of Dover in a report on Friday, April 24th. Morgan Stanley set a $210.00 price target on Dover in a report on Wednesday, February 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Oppenheimer increased their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Price Performance

NYSE:DOV opened at $211.35 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $28.46 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.62 and a beta of 1.21. Dover has a 12 month low of $158.97 and a 12 month high of $237.54. The business’s 50-day moving average is $215.02 and its 200 day moving average is $208.20.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities research analysts forecast that Dover will post 10.62 earnings per share for the current fiscal year.

Institutional Trading of Dover

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. True North Advisors LLC increased its position in shares of Dover by 2.9% during the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after purchasing an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 52 shares in the last quarter. KCM Investment Advisors LLC increased its position in shares of Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares in the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.