Dover (NYSE:DOV) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company began coverage on shares of Dover (NYSE:DOV) in a report issued on Thursday, Marketbeat.com reports. The firm set an “overweight” rating on the industrial products company’s stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Wolfe Research reiterated an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Dover has an average rating of “Moderate Buy” and an average target price of $238.21.

Dover Stock Performance

NYSE:DOV opened at $191.81 on Thursday. The company’s 50-day moving average is $199.24 and its two-hundred day moving average is $209.88. Dover has a 1-year low of $158.97 and a 1-year high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a market capitalization of $25.83 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.46 and a beta of 1.15.

Dover (NYSE:DOV) last released 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company earned $2.44 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts forecast that Dover will post 10.67 EPS for the current year.

Institutional Trading of Dover

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Dover during the 2nd quarter worth approximately $2,347,134,000. Geode Capital Management LLC grew its stake in shares of Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock worth $684,348,000 after acquiring an additional 30,372 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after acquiring an additional 150,319 shares during the period. Bank of America Corp DE acquired a new stake in shares of Dover in the second quarter valued at $625,375,000. Finally, Franklin Resources Inc. boosted its holdings in Dover by 5.8% in the fourth quarter. Franklin Resources Inc. now owns 1,760,151 shares of the industrial products company’s stock valued at $343,652,000 after purchasing an additional 95,845 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

About Dover

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

The company’s products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.