Dover Corporation (NYSE:DOV) Given Consensus Rating of “Moderate Buy” by Analysts

Dover Corporation (NYSE:DOV) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $239.8462.

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Barclays boosted their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th.

Dover Stock Up 0.0%

Dover stock opened at $223.64 on Wednesday. Dover has a twelve month low of $158.97 and a twelve month high of $237.54. The stock’s fifty day simple moving average is $217.43 and its 200-day simple moving average is $212.01. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $30.12 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.70 and a beta of 1.17.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts expect that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Dover’s payout ratio is presently 25.94%.

Hedge Funds Weigh In On Dover

Institutional investors and hedge funds have recently modified their holdings of the company. NEOS Investment Management LLC increased its holdings in Dover by 53.1% in the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after buying an additional 4,766 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Dover by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after buying an additional 5,514 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Dover during the 4th quarter worth approximately $10,195,000. Pensionfund Sabic purchased a new position in shares of Dover during the 4th quarter worth approximately $1,230,000. Finally, BIP Wealth LLC purchased a new position in shares of Dover during the 4th quarter worth approximately $538,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

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.