Zacks Research Has Bearish Estimate for Dover Q1 Earnings

Dover Co. (NYSE:DOV - Free Report) - Analysts at Zacks Research cut their Q1 2025 earnings estimates for shares of Dover in a note issued to investors on Thursday, November 7th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $1.92 per share for the quarter, down from their previous forecast of $2.06. The consensus estimate for Dover's current full-year earnings is $8.17 per share. Zacks Research also issued estimates for Dover's Q3 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.48 EPS, FY2025 earnings at $9.16 EPS and Q1 2026 earnings at $2.21 EPS.

Several other brokerages have also issued reports on DOV. JPMorgan Chase & Co. boosted their price target on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of Dover from $192.00 to $193.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Mizuho lifted their price target on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Robert W. Baird reaffirmed an "outperform" rating and issued a $208.00 target price on shares of Dover in a research report on Monday, July 22nd. Finally, Wolfe Research raised Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target for the company in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.44.

Dover Trading Up 1.5 %

Shares of DOV traded up $2.96 during trading hours on Monday, hitting $204.46. 118,950 shares of the stock traded hands, compared to its average volume of 970,860. Dover has a 1-year low of $130.75 and a 1-year high of $204.93. The business has a fifty day moving average of $189.11 and a 200-day moving average of $183.93. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $28.05 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22.

Institutional Trading of Dover

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 167 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Dover in the 3rd quarter valued at about $2,444,000. Prospera Financial Services Inc purchased a new position in shares of Dover during the third quarter worth approximately $263,000. Pathstone Holdings LLC boosted its stake in shares of Dover by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 21,356 shares of the industrial products company's stock valued at $4,095,000 after purchasing an additional 288 shares in the last quarter. Finally, Quest Partners LLC raised its position in Dover by 513,400.0% in the 3rd quarter. Quest Partners LLC now owns 5,135 shares of the industrial products company's stock worth $985,000 after purchasing an additional 5,134 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Insider Activity

In other news, CEO Richard J. Tobin sold 25,004 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the sale, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now owns 12,324 shares of the company's stock, valued at $2,156,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total value 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 approximately $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,042 shares of company stock worth $7,368,578. Corporate insiders own 1.30% of the company's stock.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover's payout ratio is 18.43%.

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.