Dover Corporation (NYSE:DOV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Dover Corporation (NYSE:DOV) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $238.2857.

DOV has been the subject of a number of recent research reports. Weiss Ratings upgraded Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada cut their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Wolfe Research reissued an “outperform” rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th.

Dover Price Performance

Dover stock opened at $198.54 on Monday. The firm has a market cap of $26.74 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Dover has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $210.67 and its two-hundred day moving average is $215.06.

Dover (NYSE:DOV) last issued its quarterly 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. 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%. During the same quarter last year, the company posted $2.44 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts expect that Dover will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.525 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. Dover’s payout ratio is presently 25.30%.

Institutional Investors Weigh In On Dover

A number of large investors have recently modified their holdings of DOV. Meeder Asset Management Inc. lifted its position in shares of Dover by 234.2% during the 4th 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 during the last quarter. Reflection Asset Management acquired a new position in shares of Dover during the fourth quarter worth $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter valued at $29,000. Clearstead Trust LLC acquired a new stake in Dover in the second quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in Dover in the first quarter valued at $31,000. 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.