Zacks Research Brokers Increase Earnings Estimates for Dover

Dover Co. (NYSE:DOV) – Research analysts at Zacks Research boosted their FY2025 earnings per share (EPS) estimates for Dover in a report issued on Thursday, December 12th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $9.17 for the year, up from their previous estimate of $9.16. The consensus estimate for Dover’s current full-year earnings is $8.17 per share. Zacks Research also issued estimates for Dover’s Q1 2026 earnings at $2.22 EPS.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Mizuho upped their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Citigroup boosted their target price on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $213.91.

Dover Stock Performance

Shares of Dover stock opened at $199.65 on Monday. The stock has a market cap of $27.39 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.70 and a beta of 1.22. The firm’s 50-day moving average is $197.57 and its 200 day moving average is $187.60. Dover has a 1 year low of $143.96 and a 1 year high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares in the last quarter. FMR LLC increased its holdings in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after acquiring an additional 149,378 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Dover by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after acquiring an additional 60,912 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

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.