Dover (NYSE:DOV) Issues FY 2026 Earnings Guidance

Dover (NYSE:DOV) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 10.450-10.650 for the period, compared to the consensus earnings per share estimate of 10.580. The company issued revenue guidance of $8.5 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion.

Dover Stock Down 1.8%

Shares of NYSE DOV opened at $216.39 on Thursday. The business’s fifty day moving average price is $217.02 and its 200-day moving average price is $200.31. Dover has a one year low of $158.14 and a one year high of $237.54. The stock has a market capitalization of $29.17 billion, a PE ratio of 27.25, a P/E/G ratio of 1.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.43). Dover had a net margin of 13.52% and a return on equity of 17.87%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities research analysts anticipate that Dover will post 10.54 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.52 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio is 26.20%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOV. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Oppenheimer upped their price target on shares of Dover from $232.00 to $242.00 and gave the stock an “outperform” rating in a report on Monday. UBS Group set a $256.00 target price on shares of Dover and gave the stock a “buy” rating in a research report on Sunday, January 4th. Finally, Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.38.

Insider Activity at Dover

In other news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president owned 8,422 shares of the company’s stock, valued at $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the transaction, the senior vice president owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 82,497 shares of company stock worth $19,196,277. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Dover

A number of hedge funds have recently modified their holdings of DOV. Meeder Asset Management Inc. increased its stake in shares of Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. DV Equities LLC bought a new position in Dover in the 4th quarter worth $37,000. Zions Bancorporation National Association UT increased its stake in Dover by 107.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 245 shares of the industrial products company’s stock worth $48,000 after buying an additional 127 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Dover in the 4th quarter worth $49,000. Finally, Palisade Asset Management LLC bought a new stake in Dover during the third quarter valued at about $60,000. 84.46% of the stock is currently owned by institutional investors.

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.