Zacks Research Weighs in on Dover’s Q1 Earnings (NYSE:DOV)

Dover Co. (NYSE:DOV) – Equities researchers at Zacks Research issued their Q1 2025 earnings per share estimates for shares of Dover in a note issued to investors on Tuesday, October 22nd. Zacks Research analyst S. Deb anticipates that the industrial products company will earn $2.06 per share for the quarter. The consensus estimate for Dover’s current full-year earnings is $9.18 per share. Zacks Research also issued estimates for Dover’s Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.50 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $9.38 EPS, Q1 2026 earnings at $2.23 EPS, Q2 2026 earnings at $2.30 EPS, Q3 2026 earnings at $2.51 EPS and FY2026 earnings at $9.66 EPS.

Several other analysts also recently issued reports on DOV. Wells Fargo & Company upped their price target on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Royal Bank of Canada increased their target price on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Wolfe Research raised Dover to a “hold” rating in a research report on Friday, September 20th. Barclays upped their price objective on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.75.

Dover Price Performance

Dover stock opened at $184.70 on Thursday. The firm has a market capitalization of $25.38 billion, a PE ratio of 17.74, a P/E/G ratio of 2.20 and a beta of 1.22. Dover has a 52 week low of $127.25 and a 52 week high of $195.68. The firm’s 50-day simple moving average is $186.66 and its 200 day simple moving average is $182.12. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.15. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. Dover’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share.

Institutional Investors Weigh In On Dover

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Dover by 27.4% in the 1st quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock valued at $29,451,000 after purchasing an additional 35,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Dover by 14.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock valued at $35,909,000 after buying an additional 25,562 shares during the period. SG Americas Securities LLC lifted its position in Dover by 75.1% during the 1st quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock worth $3,539,000 after acquiring an additional 8,563 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Dover by 975.5% in the 1st quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after acquiring an additional 22,572 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Dover by 56.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company’s stock worth $2,334,000 after acquiring an additional 4,760 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Transactions at Dover

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,383 shares of company stock worth $8,169,883 in the last three months. Company insiders own 1.30% of the company’s stock.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio is currently 19.79%.

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.