#4 - Dover (NYSE:DOV)
Dover Corp. (NYSE: DOV) is a diversified global manufacturer of industrial equipment, including software and services across a range of industries. In its earnings presentation, the company noted its pivot towards clean energy industries.
In the last year, DOV stock is up 26.7% and it’s up over 18% in 2024. However, since the company’s July 2024 earnings report, the stock has been trading slightly lower. After a beat-and-raise quarter, there’s no immediate reason for investors to be pulling back other than the stock trading near its 52-week high. This seems like a buying opportunity.
Dover is another dividend king on this list of industrial stocks. The company has increased its dividend for 70 consecutive years and has a safe 19.7% payout ratio backed by analysts’ projections for high single-digit earnings growth. Its annualized three-year growth of 1.01% is lower than you might like, but it’s hard to beat the consistency of this recurring dividend.
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.
Read More - Current Price
- $192.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $207.44 (8.0% Upside)
