Dover (NYSE:DOV) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Dover (NYSE:DOV) from a buy rating to a hold rating in a report published on Saturday.

DOV has been the subject of a number of other research reports. 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. Royal Bank Of Canada dropped their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday. Morgan Stanley boosted their price target on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price objective on shares of Dover in a report on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Up 1.8%

DOV stock opened at $205.79 on Friday. Dover has a 12-month low of $158.97 and a 12-month 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 has a market cap of $27.72 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.54 and a beta of 1.16. The company has a 50 day moving average of $215.39 and a two-hundred day moving average of $215.52.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $2.44 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts anticipate that Dover will post 10.66 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is 25.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds 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 fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares during the period. Reflection Asset Management acquired a new position in Dover in the 4th quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new position in Dover in the 4th quarter valued at approximately $29,000. Financial Life Planners bought a new stake in shares of Dover in the 1st quarter worth approximately $31,000. Finally, Leonteq Securities AG acquired a new stake in shares of Dover during the 4th quarter worth approximately $34,000. 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.