Dover (NYSE:DOV) Issues Earnings Results, Hits Estimates

Dover (NYSE:DOV) issued its quarterly earnings results on Thursday. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20, Zacks reports. Dover had a net margin of 18.63% and a return on equity of 23.61%. Dover updated its FY 2025 guidance to 9.300-9.500 EPS.

Dover Trading Up 5.2 %

DOV traded up $10.28 during midday trading on Thursday, hitting $207.64. 411,190 shares of the company were exchanged, compared to its average volume of 771,947. The firm’s 50 day moving average price is $195.54 and its 200-day moving average price is $190.11. Dover has a 1-year low of $148.45 and a 1-year high of $214.57. The firm has a market capitalization of $28.49 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.04 and a beta of 1.23. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 0.99%. Dover’s payout ratio is 18.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOV. Citigroup reduced their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $212.55.

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.