Dover (NYSE:DOV) Price Target Raised to $240.00

Dover (NYSE:DOV) had its price objective lifted by JPMorgan Chase & Co. from $230.00 to $240.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on DOV. Oppenheimer lifted their price target on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Robert W. Baird set a $255.00 price objective on shares of Dover in a research report on Friday. Citigroup reiterated a “buy” rating on shares of Dover in a research report on Monday, January 12th. Finally, Royal Bank Of Canada lifted their price target on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $222.67.

Dover Trading Down 0.5%

Shares of DOV stock opened at $201.57 on Friday. Dover has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $198.14 and a 200-day moving average of $183.93. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.55 and a beta of 1.29.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $2.20 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that Dover will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio is currently 26.20%.

Insider Transactions at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the transaction, the senior vice president directly owned 72,968 shares in the company, valued at approximately $13,922,294.40. This represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. The trade was a 38.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Dover

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Life Planners purchased a new stake in shares of Dover during the third quarter valued at $25,000. AdvisorShares Investments LLC bought a new position in Dover during the 2nd quarter valued at about $30,000. Tompkins Financial Corp boosted its holdings in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in shares of Dover by 122.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 93 shares during the period. Finally, Caldwell Trust Co purchased a new position in shares of Dover during the second quarter valued at approximately $31,000. Institutional investors own 84.46% of the company’s stock.

Key Headlines Impacting Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Q4 results beat expectations — Dover reported $2.51 EPS (toppling the $2.48 consensus) and revenue (~$2.10B) rose ~8.8% y/y, with margins and bookings improving; this confirms accelerating organic growth. Read More.
• Positive Sentiment: Data‑center demand helped results — management cited strong demand for AI/data‑center liquid‑cooling products as a driver of Q4 profit growth, signaling exposure to a higher‑growth end market. Read More.
• Positive Sentiment: New product launch supports long‑term end markets — SWEP (a Dover business) introduced an all‑stainless heat‑exchanger product aimed at electronics/semiconductor cooling, strengthening product exposure to secular trends. Read More.
• Neutral Sentiment: Analyst action mixed — Wells Fargo nudged its price target to $210 from $205 but kept an “equal weight” rating, a modest positive on valuation but not a bullish endorsement. Read More.
• Neutral Sentiment: Investor materials available — Management hosted the Q4 call and published the press release and slide deck (useful for digging into segment dynamics, margin drivers and backlog details). Read More.
• Negative Sentiment: FY‑2026 guidance slightly soft on EPS — Dover guided EPS to $10.45–$10.65 vs. a consensus near $10.62; the lower end of the range and tightness around consensus likely disappointed some investors and capped upside given the beat elsewhere.
• Negative Sentiment: Market caution — some commentators urged patience ahead of the quarter (e.g., cautious take from commentators like Jim Cramer), contributing to muted investor reaction despite the beat. Read More.

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.