Dover Corporation (NYSE:DOV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Dover Corporation (NYSE:DOV) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $237.3571.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Robert W. Baird lifted their price target on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Seaport Research Partners raised their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th.

Dover Price Performance

DOV stock opened at $213.39 on Friday. The firm has a 50 day moving average of $215.06 and a 200-day moving average of $207.95. Dover has a 12-month low of $158.97 and a 12-month high of $237.54. 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 company has a market cap of $28.74 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.64 and a beta of 1.21.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $2.05 EPS. The company’s revenue for the quarter 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 10.62 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. True North Advisors LLC increased its stake in shares of Dover by 2.9% during the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 45 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after purchasing an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 52 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 53 shares during the period. Finally, Tectonic Advisors LLC grew its stake in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 54 shares during the period. 84.46% of the stock is owned by hedge funds and other 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.