Recent Research Analysts’ Ratings Changes for Dover (DOV)

Dover (NYSE: DOV) recently received a number of ratings updates from brokerages and research firms:

• 1/31/2025 – Dover had its price target raised by analysts at Royal Bank of Canada from $196.00 to $214.00. They now have a “sector perform” rating on the stock.
• 1/31/2025 – Dover had its price target raised by analysts at JPMorgan Chase & Co. from $208.00 to $230.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Dover had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $225.00 price target on the stock, up previously from $220.00.
• 1/31/2025 – Dover had its price target lowered by analysts at UBS Group AG from $217.00 to $211.00. They now have a “neutral” rating on the stock.
• 1/31/2025 – Dover had its price target raised by analysts at Wells Fargo & Company from $200.00 to $215.00. They now have an “equal weight” rating on the stock.
• 1/31/2025 – Dover had its price target raised by analysts at Barclays PLC from $205.00 to $213.00. They now have an “equal weight” rating on the stock.
• 1/15/2025 – Dover had its price target lowered by analysts at JPMorgan Chase & Co. from $212.00 to $208.00. They now have an “overweight” rating on the stock.
• 1/15/2025 – Dover was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/13/2025 – Dover had its price target lowered by analysts at Citigroup Inc. from $236.00 to $222.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Dover had its price target lowered by analysts at Wells Fargo & Company from $205.00 to $200.00. They now have an “equal weight” rating on the stock.
• 12/19/2024 – Dover was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/12/2024 – Dover had its price target raised by analysts at The Goldman Sachs Group, Inc. from $202.00 to $223.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Dover was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/9/2024 – Dover had its price target raised by analysts at Citigroup Inc. from $226.00 to $236.00. They now have a “buy” rating on the stock.

Dover Stock Performance

DOV traded up $0.38 on Tuesday, hitting $202.66. The company had a trading volume of 81,962 shares, compared to its average volume of 881,403. The company’s fifty day moving average price is $195.51 and its 200 day moving average price is $190.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 1-year low of $156.59 and a 1-year high of $222.31. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24.

Dover (NYSE:DOV) 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 the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities analysts predict that Dover Co. will post 9.42 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Institutional Investors Weigh In On Dover

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new stake in Dover during the 4th quarter worth $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the 3rd quarter valued at about $33,000. R Squared Ltd bought a new position in Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover in the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

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.