Zacks Research Analysts Raise Earnings Estimates for Dover

Dover Corporation (NYSE:DOV) – Analysts at Zacks Research raised their Q2 2027 earnings per share estimates for shares of Dover in a report issued on Monday, June 30th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $2.77 per share for the quarter, up from their prior forecast of $2.76. The consensus estimate for Dover’s current full-year earnings is $9.45 per share.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Dover had a net margin of 28.85% and a return on equity of 19.54%. Dover’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share.

Several other research analysts have also commented on DOV. Wells Fargo & Company lifted their price target on Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Dover from $190.00 to $211.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Barclays increased their price objective on shares of Dover from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Finally, Robert W. Baird decreased their target price on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average price target of $206.50.

Dover Stock Performance

Shares of NYSE:DOV opened at $187.23 on Wednesday. The firm has a fifty day simple moving average of $178.64 and a two-hundred day simple moving average of $183.26. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $25.67 billion, a P/E ratio of 11.28, a PEG ratio of 1.81 and a beta of 1.26. Dover has a 52 week low of $143.04 and a 52 week high of $222.31.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently modified their holdings of the business. North Capital Inc. bought a new position in Dover in the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dover in the 1st quarter valued at $31,000. Truvestments Capital LLC lifted its stake in shares of Dover by 1,005.9% during the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares in the last quarter. Finally, Costello Asset Management INC purchased a new position in Dover in the first quarter valued at about $35,000. 84.46% of the stock is currently owned by institutional investors.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.10%. Dover’s dividend payout ratio is currently 12.41%.

Dover Company Profile

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.