Dover Corporation (NYSE:DOV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dover Corporation (NYSE:DOV) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $239.8462.

DOV has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Citigroup reissued a “buy” rating on shares of Dover in a research note on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Seaport Research Partners boosted their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Robert W. Baird boosted their price target on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th.

Institutional Investors Weigh In On Dover

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Dover by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after acquiring an additional 120,341 shares during the period. State Street Corp raised its stake in shares of Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after acquiring an additional 227,436 shares during the period. Geode Capital Management LLC increased its stake in Dover by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock worth $684,348,000 after buying an additional 30,372 shares during the period. Bank of New York Mellon Corp increased its stake in Dover by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after buying an additional 150,319 shares during the period. Finally, Nuveen LLC increased its stake in Dover by 9.9% during the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock worth $512,169,000 after buying an additional 235,454 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of DOV stock opened at $222.82 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm’s 50-day moving average is $216.70 and its two-hundred day moving average is $211.22. Dover has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a market capitalization of $30.01 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. Dover’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. Analysts predict that Dover will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is 25.94%.

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.