Dover (NYSE:DOV) Announces Quarterly Earnings Results

Dover (NYSE:DOV) issued its earnings results on Thursday. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20, Zacks reports. Dover had a return on equity of 23.61% and a net margin of 18.63%. Dover updated its FY 2025 guidance to 9.300-9.500 EPS.

Dover Stock Performance

NYSE DOV opened at $203.42 on Friday. Dover has a 52-week low of $148.45 and a 52-week high of $214.57. The company has a fifty day moving average of $195.57 and a 200-day moving average of $190.34. The company has a market capitalization of $27.91 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 18.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOV. Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company raised their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Citigroup lowered their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada raised their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Barclays increased their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.