Brokers Issue Forecasts for Dover’s Q3 Earnings (NYSE:DOV)

Dover Corporation (NYSE:DOV) – Equities researchers at Zacks Research boosted their Q3 2028 earnings estimates for shares of Dover in a note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $2.99 for the quarter, up from their previous forecast of $2.98. The consensus estimate for Dover’s current full-year earnings is $10.67 per share.

Several other brokerages also recently issued reports on DOV. Wolfe Research restated an “outperform” rating and issued a $262.00 price target on shares of Dover in a report on Thursday, July 9th. Weiss Ratings lowered shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company initiated coverage on Dover in a report on Thursday, September 24th. They set an “overweight” rating and a $229.00 target price for the company. 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 report on Friday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.21.

Dover Stock Performance

DOV stock opened at $189.61 on Friday. Dover has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The firm has a market cap of $25.54 billion, a PE ratio of 22.84, a P/E/G ratio of 1.66 and a beta of 1.13. The business’s 50-day moving average price is $197.45 and its two-hundred day moving average price is $209.24.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $2.44 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS.

Dover Increases Dividend

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

Hedge Funds Weigh In On Dover

Several institutional investors and hedge funds have recently modified their holdings of the stock. Callan Family Office LLC bought a new position in Dover during the 2nd quarter worth $702,000. Concurrent Investment Advisors LLC boosted its position in shares of Dover by 239.5% in the second quarter. Concurrent Investment Advisors LLC now owns 14,204 shares of the industrial products company’s stock valued at $3,186,000 after acquiring an additional 10,020 shares during the period. Squarepoint Ops LLC grew its stake in shares of Dover by 1,356.0% in the second quarter. Squarepoint Ops LLC now owns 25,989 shares of the industrial products company’s stock valued at $5,829,000 after acquiring an additional 24,204 shares in the last quarter. Independent Financial Group LLC bought a new position in Dover during the first quarter worth about $1,367,000. Finally, Hsbc Holdings PLC increased its position in Dover by 5.0% during the second quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company’s stock worth $211,269,000 after acquiring an additional 44,854 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Company Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.