Dover (NYSE:DOV) Given New $279.00 Price Target at Robert W. Baird

Dover (NYSE:DOV) had its price objective increased by research analysts at Robert W. Baird from $255.00 to $279.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 22.10% from the company’s current price.

DOV has been the subject of several other reports. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Oppenheimer boosted their price objective on shares of Dover from $232.00 to $242.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $224.00 price objective on shares of Dover in a research note on Saturday, January 31st. BMO Capital Markets began coverage on shares of Dover in a report on Friday, March 27th. They issued a “market perform” rating and a $237.00 target price on the stock. Finally, Barclays set a $230.00 target price on shares of Dover in a report on Friday. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.08.

Dover Price Performance

Shares of DOV stock opened at $228.50 on Friday. The firm has a market cap of $30.80 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. Dover has a 1-year low of $158.14 and a 1-year high of $237.54. The firm has a fifty day moving average of $216.98 and a two-hundred day moving average of $200.51.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts anticipate that Dover will post 10.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president directly owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,497 shares of company stock valued at $19,196,277 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Dover

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its stake in shares of Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the period. Reflection Asset Management bought a new stake in shares of Dover in the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in shares of Dover in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in shares of Dover in the 4th quarter worth approximately $29,000. Finally, Tompkins Financial Corp raised its holdings in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

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.