Q4 2024 EPS Estimates for Dover Co. Increased by Analyst (NYSE:DOV)

Dover Co. (NYSE:DOVFree Report) – Analysts at Seaport Res Ptn upped their Q4 2024 earnings per share (EPS) estimates for shares of Dover in a research note issued on Monday, February 5th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $2.44 per share for the quarter, up from their prior forecast of $2.42. Seaport Res Ptn has a “Buy” rating on the stock. The consensus estimate for Dover’s current full-year earnings is $9.07 per share.

Other analysts also recently issued reports about the company. Wells Fargo & Company upped their price objective on Dover from $140.00 to $167.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Barclays boosted their target price on Dover from $150.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho dropped their target price on Dover from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada upped their price target on Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and eight 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 an average price target of $168.18.

View Our Latest Analysis on Dover

Dover Stock Down 0.2 %

Dover stock opened at $160.11 on Thursday. Dover has a fifty-two week low of $127.25 and a fifty-two week high of $162.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market capitalization of $22.40 billion, a P/E ratio of 21.29, a PEG ratio of 1.64 and a beta of 1.26. The stock has a 50-day simple moving average of $150.23 and a 200-day simple moving average of $143.46.

Dover (NYSE:DOVGet Free Report) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.01. Dover had a return on equity of 25.95% and a net margin of 12.52%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $2.16 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.

Institutional Trading of Dover

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Dover by 1.3% during the first quarter. Vanguard Group Inc. now owns 16,895,470 shares of the industrial products company’s stock valued at $2,650,899,000 after acquiring an additional 224,091 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dover by 7.6% in the second quarter. JPMorgan Chase & Co. now owns 15,057,041 shares of the industrial products company’s stock worth $2,223,172,000 after purchasing an additional 1,064,150 shares in the last quarter. Macquarie Group Ltd. grew its stake in Dover by 1.9% in the second quarter. Macquarie Group Ltd. now owns 3,314,537 shares of the industrial products company’s stock worth $402,119,000 after purchasing an additional 61,298 shares in the last quarter. Geode Capital Management LLC grew its stake in Dover by 2.0% in the second quarter. Geode Capital Management LLC now owns 2,952,412 shares of the industrial products company’s stock worth $434,781,000 after purchasing an additional 59,192 shares in the last quarter. Finally, FMR LLC grew its stake in Dover by 10.5% in the third quarter. FMR LLC now owns 2,390,670 shares of the industrial products company’s stock worth $333,522,000 after purchasing an additional 226,646 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dover

In other Dover news, VP Anthony K. Kosinski sold 664 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $141.64, for a total transaction of $94,048.96. Following the transaction, the vice president now owns 5,333 shares of the company’s stock, valued at approximately $755,366.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dover news, VP Anthony K. Kosinski sold 664 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $141.64, for a total transaction of $94,048.96. Following the transaction, the vice president now owns 5,333 shares of the company’s stock, valued at approximately $755,366.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 14,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $142.00, for a total value of $1,988,000.00. Following the transaction, the chief financial officer now directly owns 35,938 shares in the company, valued at approximately $5,103,196. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.27%. Dover’s dividend payout ratio (DPR) is presently 27.13%.

About Dover

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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 aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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Earnings History and Estimates for Dover (NYSE:DOV)

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