Zacks Research Issues Positive Forecast for Dover Earnings

Dover Corporation (NYSE:DOV) – Analysts at Zacks Research increased their Q1 2026 EPS estimates for Dover in a research report issued to clients and investors on Wednesday, August 6th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.28 for the quarter, up from their prior estimate of $2.25. The consensus estimate for Dover’s current full-year earnings is $9.45 per share. Zacks Research also issued estimates for Dover’s Q2 2027 earnings at $2.76 EPS.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $2.36 earnings per share.

Several other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Dover from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Robert W. Baird increased their target price on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Barclays increased their target price on shares of Dover from $185.00 to $193.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Royal Bank Of Canada increased their target price on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Finally, Citigroup restated a “buy” rating and set a $226.00 price objective (up from $202.00) on shares of Dover in a report on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.92.

Dover Trading Up 1.0%

DOV opened at $175.31 on Monday. The firm’s fifty day moving average is $182.21 and its two-hundred day moving average is $181.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The firm has a market cap of $24.04 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. Dover has a twelve month low of $143.04 and a twelve month high of $222.31.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is presently 12.42%.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Dover by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock valued at $3,036,722,000 after buying an additional 231,146 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dover by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock valued at $629,996,000 after acquiring an additional 33,539 shares during the period. Nuveen LLC bought a new position in shares of Dover in the 1st quarter valued at about $526,081,000. Adage Capital Partners GP L.L.C. grew its position in shares of Dover by 31.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company’s stock valued at $409,530,000 after acquiring an additional 524,092 shares during the period. Finally, Northern Trust Corp grew its position in shares of Dover by 16.6% in the 4th quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company’s stock valued at $323,896,000 after acquiring an additional 245,535 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

About Dover

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.