Brokerages Set Dover Corporation (NYSE:DOV) Target Price at $241.43

Shares of Dover Corporation (NYSE:DOV) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $241.4286.

DOV has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird upped 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. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Seaport Research Partners boosted their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th.

Dover Stock Performance

Shares of DOV stock opened at $214.04 on Friday. The stock has a market capitalization of $28.82 billion, a PE ratio of 26.69, a PEG ratio of 1.63 and a beta of 1.16. The business’s 50 day simple moving average is $216.30 and its 200 day simple moving average is $215.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover has a one year low of $158.97 and a one year high of $237.54.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company 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, research analysts forecast that Dover will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is 25.94%.

Institutional Trading of Dover

Several hedge funds have recently modified their holdings of DOV. Tema ETFs LLC lifted its position in shares of Dover by 6.0% during the 2nd quarter. Tema ETFs LLC now owns 2,554 shares of the industrial products company’s stock valued at $573,000 after acquiring an additional 145 shares during the period. E. Ohman J or Asset Management AB increased its stake in Dover by 3,177.2% in the second quarter. E. Ohman J or Asset Management AB now owns 146,949 shares of the industrial products company’s stock valued at $32,958,000 after purchasing an additional 142,465 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Dover by 9.3% in the second quarter. Valeo Financial Advisors LLC now owns 1,296 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 110 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Dover by 10.6% during the second quarter. Gradient Investments LLC now owns 13,018 shares of the industrial products company’s stock valued at $2,920,000 after purchasing an additional 1,249 shares during the period. Finally, Czech National Bank boosted its position in shares of Dover by 4.4% during the 2nd quarter. Czech National Bank now owns 38,330 shares of the industrial products company’s stock worth $8,597,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Company Profile

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.