Dover Corporation (NYSE:DOV) Stock Has Consensus Target Price of $237.93 According to Brokerages

Dover Corporation (NYSE:DOV) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $237.93.

Several equities analysts recently weighed in on DOV shares. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and cut their price target for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Wells Fargo & Company started coverage on Dover in a research report on Thursday, September 24th. They set an “overweight” rating and a $229.00 price target on the stock. Wolfe Research reiterated an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada cut their price objective on Dover from $227.00 to $216.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 14th.

Institutional Investors Weigh In On Dover

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOV. BlackRock Inc. purchased a new stake in Dover during the 2nd quarter worth about $2,347,134,000. Bank of New York Mellon Corp grew its holdings in Dover by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after acquiring an additional 150,319 shares in the last quarter. Bank of America Corp DE acquired a new position in Dover during the 2nd quarter worth approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dover by 2.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company’s stock valued at $217,433,000 after purchasing an additional 20,590 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Dover in the 2nd quarter valued at approximately $211,269,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.3%

DOV stock opened at $195.29 on Tuesday. The firm has a market cap of $26.30 billion, a PE ratio of 23.53, a P/E/G ratio of 1.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The firm’s fifty day moving average is $194.17 and its 200 day moving average is $207.79. Dover has a one year low of $166.93 and a one year 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 for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts forecast that Dover will post 10.67 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.5250 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s payout ratio is 25.30%.

Dover Company Profile

Dover Corporation (NYSE: DOV) is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company’s products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.