Dover (NYSE:DOV) Issues Earnings Results

Dover (NYSE:DOV) released its quarterly earnings data on Thursday. The industrial products company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03, FiscalAI reports. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Dover had a net margin of 28.37% and a return on equity of 17.62%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 earnings per share.

Here are the key takeaways from Dover’s conference call:

• Dover closed Q4 with broad-based momentum — organic growth of 5% (the year’s high), bookings +10% in Q4 and a book-to-bill of 1.02, supporting durable demand into 2026.
• Profitability and cash generation strengthened — segment EBITDA margin rose 60 bps to 24.8%, Q4 all-in adjusted EPS was $9.61 (+14%), and Q4 free cash flow was $487M (23% of revenue); 2026 FCF is guided at 14–16% of revenue.
• Management is actively deploying capital while preserving optionality — 2025 closed acquisitions (~$700M) are outperforming underwriting, a $500M accelerated share repurchase was started, and Dover guides 2026 EPS $10.45–$10.65 (double-digit growth at midpoint).
• Notable near-term headwinds and uncertainties remain — Engineered Products revenue declined (vehicle aftermarket/vehicle services), the company has commodity exposure (copper/steel) that may require pricing action, and typical Q1 seasonality/backlog timing could produce uneven early‑year results.

Dover Stock Down 0.0%

NYSE:DOV opened at $202.47 on Friday. Dover has a one year low of $143.04 and a one year high of $222.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. The company has a market cap of $27.77 billion, a PE ratio of 12.46, a P/E/G ratio of 1.43 and a beta of 1.31. The firm’s 50 day simple moving average is $197.78 and its 200 day simple moving average is $183.89.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.52 dividend. The ex-dividend date was Friday, November 28th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 12.79%.

Key Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Q4 results beat expectations — EPS $2.51 vs. $2.48 consensus and revenue $2.10B (up ~8.8% y/y); margins expanded and bookings improved, signaling stronger underlying demand. PR Newswire: Q4 and FY2025 Results
• Positive Sentiment: Management called out high demand for liquid cooling products tied to AI/data‑center deployments — a structural growth driver that supports top-line upside and higher-margin sales. Reuters: AI data‑center cooling demand
• Positive Sentiment: Market write-ups highlight accelerating organic growth and expanding bookings, which helped the shares advance after the report. MSN: Organic growth accelerates
• Positive Sentiment: Product expansion: SWEP (a Dover unit) launched an all‑stainless BPHE aimed at electronics/semiconductor and next‑gen refrigerant markets — supports diversification into higher-growth industrial end markets. PR Newswire: SWEP product launch
• Neutral Sentiment: Earnings call transcript and slide deck are available for investors to parse segment trends and backlog detail; useful for modeling but not a headline change in itself. Seeking Alpha: Q4 earnings call transcript
• Negative Sentiment: FY‑2026 guidance is mixed: EPS range $10.450–$10.650 (midpoint slightly below the $10.62 consensus) while revenue guidance $8.5–$8.7B is roughly in line — the slightly softer EPS outlook could cap upside if investors focus on margin or timing risks.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DOV. Citigroup reissued a “buy” rating on shares of Dover in a research report on Monday, January 12th. Oppenheimer upped their target price on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday. Barclays boosted their price target on Dover from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Dover from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Robert W. Baird set a $235.00 price target on shares of Dover in a report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.45.

Insider Activity

In other news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This represents a 38.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total transaction of $501,804.00. Following the transaction, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Dover

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dover by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC increased its stake in Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Dover during the 2nd quarter worth approximately $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Dover in the 2nd quarter worth approximately $1,030,000. 84.46% of the stock is currently owned by institutional investors.

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.