Zacks Research Brokers Increase Earnings Estimates for Dover Co. (NYSE:DOV)

Dover Co. (NYSE:DOVFree Report) – Research analysts at Zacks Research boosted their FY2025 earnings estimates for Dover in a note issued to investors on Monday, June 3rd. Zacks Research analyst S. Deb now forecasts that the industrial products company will post earnings of $9.71 per share for the year, up from their prior estimate of $9.70. The consensus estimate for Dover’s current full-year earnings is $9.10 per share.

Dover (NYSE:DOVGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s revenue was up .7% on a year-over-year basis.

Several other equities analysts also recently issued reports on DOV. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on shares of Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Mizuho upped their price objective on shares of Dover from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer upped their price objective on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup increased their price target on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average target price of $185.75.

Read Our Latest Research Report on DOV

Dover Stock Performance

DOV opened at $178.03 on Thursday. Dover has a 52-week low of $127.25 and a 52-week high of $188.64. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The company has a market cap of $24.47 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The firm’s 50-day moving average price is $178.80 and its 200-day moving average price is $164.00.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, May 31st. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Insiders Place Their Bets

In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the sale, the chief financial officer now directly owns 17,909 shares of the company’s stock, valued at approximately $3,164,699.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of Dover in the 1st quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in shares of Dover in the 3rd quarter valued at about $32,000. Headinvest LLC purchased a new position in shares of Dover in the 3rd quarter valued at about $32,000. Exchange Traded Concepts LLC purchased a new position in shares of Dover in the 4th quarter valued at about $33,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Dover by 783.3% in the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after buying an additional 188 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

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

Further Reading

Earnings History and Estimates for Dover (NYSE:DOV)

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