Zacks Research Issues Optimistic Estimate for Dover Earnings

Dover Corporation (NYSE:DOV) – Research analysts at Zacks Research lifted their Q1 2027 earnings estimates for shares of Dover in a research report issued on Thursday, June 11th. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.46 per share for the quarter, up from their previous estimate of $2.45. The consensus estimate for Dover’s current full-year earnings is $10.65 per share. Zacks Research also issued estimates for Dover’s Q4 2027 earnings at $2.86 EPS, FY2027 earnings at $11.12 EPS and FY2028 earnings at $11.63 EPS.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS.

Several other research firms have also recently issued reports on DOV. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Barclays upped their price target on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets upped their price target on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.85.

Dover Price Performance

DOV opened at $217.07 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The stock has a market capitalization of $29.23 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.66 and a beta of 1.17. The company’s 50-day simple moving average is $216.04 and its two-hundred day simple moving average is $210.72. Dover has a 52-week low of $158.97 and a 52-week high of $237.54.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of Dover by 5.7% during the 1st quarter. Parallel Advisors LLC now owns 2,979 shares of the industrial products company’s stock valued at $621,000 after purchasing an additional 161 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in Dover by 23.4% in the 1st quarter. Glenmede Trust Co. NA now owns 17,306 shares of the industrial products company’s stock worth $3,607,000 after acquiring an additional 3,277 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Dover in the 1st quarter worth approximately $166,000. Edgestream Partners L.P. increased its holdings in Dover by 44.9% in the 1st quarter. Edgestream Partners L.P. now owns 14,189 shares of the industrial products company’s stock worth $2,958,000 after acquiring an additional 4,399 shares in the last quarter. Finally, Kentucky Retirement Systems increased its holdings in Dover by 65.2% in the 1st quarter. Kentucky Retirement Systems now owns 14,066 shares of the industrial products company’s stock worth $2,932,000 after acquiring an additional 5,553 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is presently 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.