Seaport Res Ptn Has Pessimistic Outlook of Dover Q1 Earnings

Dover Co. (NYSE:DOV - Free Report) - Research analysts at Seaport Res Ptn decreased their Q1 2025 EPS estimates for shares of Dover in a research note issued on Monday, February 3rd. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $2.04 per share for the quarter, down from their prior estimate of $2.12. The consensus estimate for Dover's current full-year earnings is $9.42 per share. Seaport Res Ptn also issued estimates for Dover's Q2 2025 earnings at $2.39 EPS, Q3 2025 earnings at $2.52 EPS, Q1 2026 earnings at $2.24 EPS, Q2 2026 earnings at $2.57 EPS, Q3 2026 earnings at $2.72 EPS, Q4 2026 earnings at $2.72 EPS and FY2026 earnings at $10.24 EPS.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Oppenheimer reissued an "outperform" rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wolfe Research raised shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 target price for the company in a report on Monday, October 28th. Finally, Mizuho lifted their price objective on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dover has an average rating of "Moderate Buy" and an average target price of $218.91.

Dover Trading Up 1.0 %

NYSE:DOV traded up $2.01 during mid-day trading on Wednesday, hitting $204.93. 897,209 shares of the stock traded hands, compared to its average volume of 916,248. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 2.07 and a beta of 1.24. Dover has a 52 week low of $158.19 and a 52 week high of $222.31. The firm's 50 day moving average is $195.44 and its two-hundred day moving average is $190.59. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Dover

Several hedge funds have recently modified their holdings of DOV. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the third quarter valued at about $33,000. R Squared Ltd bought a new stake in shares of Dover during the fourth quarter valued at about $34,000. Kieckhefer Group LLC bought a new stake in Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter worth about $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover's dividend payout ratio is currently 10.59%.

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.