Dover (NYSE:DOV) Downgraded to “Hold” Rating by Wall Street Zen

Dover (NYSE:DOV) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price target on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $255.00 to $240.00 in a report on Friday. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Royal Bank Of Canada cut their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Morgan Stanley lifted their target price on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Trading Up 2.4%

Dover stock opened at $202.45 on Friday. The stock has a 50-day simple moving average of $215.49 and a 200 day simple moving average of $215.42. The stock has a market capitalization of $27.26 billion, a P/E ratio of 24.39, a PEG ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.43% and a net margin of 13.48%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts expect that Dover will post 10.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Dover by 174.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after buying an additional 1,830,722 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Dover by 179.7% during the 4th quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock worth $489,900,000 after acquiring an additional 1,612,159 shares in the last quarter. Norges Bank bought a new position in Dover in the fourth quarter valued at approximately $275,907,000. Diamond Hill Capital Management Inc. bought a new stake in Dover during the fourth quarter worth $151,473,000. Finally, Auto Owners Insurance Co lifted its stake in Dover by 19,424.0% during the fourth quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock worth $14,866,000 after purchasing an additional 757,536 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Trending Headlines about Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

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.