Dover (NYSE:DOV) Upgraded to “Buy” at Wall Street Zen

Dover (NYSE:DOV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price target on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays raised their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. BMO Capital Markets boosted their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings cut Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Trading Up 0.7%

Shares of DOV opened at $214.93 on Friday. The firm has a market cap of $28.94 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a 50 day simple moving average of $214.98 and a two-hundred day simple moving average of $209.23.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm earned $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 analysts expect that Dover will post 10.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DOV. NEOS Investment Management LLC increased its position in Dover by 53.1% during the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after acquiring an additional 4,766 shares during the last quarter. OFI Invest Asset Management purchased a new position in Dover in the 4th quarter worth about $10,195,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Dover by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after buying an additional 5,514 shares in the last quarter. Pensionfund Sabic purchased a new stake in Dover in the 4th quarter valued at about $1,230,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the period. Institutional investors own 84.46% of the company’s stock.

About Dover

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.