Brokerages Set Dover Corporation (NYSE:DOV) Target Price at $241.43

Dover Corporation (NYSE:DOV) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $241.4286.

A number of brokerages recently commented on DOV. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 target price on shares of Dover in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Seaport Research Partners raised their price objective 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. Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Finally, Barclays increased their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th.

Institutional Investors Weigh In On Dover

Several large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in shares of Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares during the period. Reflection Asset Management acquired a new stake in Dover in the fourth quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new stake in Dover in the fourth quarter valued at approximately $29,000. Tompkins Financial Corp lifted its stake in Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Financial Life Planners acquired a new position in Dover during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 2.5%

Shares of NYSE DOV opened at $217.49 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $216.41 and its two-hundred day moving average is $215.05. Dover has a 52-week low of $158.97 and a 52-week high of $237.54. The firm has a market cap of $29.29 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.61 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly 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. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Research analysts predict that Dover will post 10.65 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is presently 25.94%.

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.