Dover (NYSE:DOV) Announces Earnings Results

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

Dover Stock Performance

Dover stock traded up $8.73 during midday trading on Thursday, hitting $206.09. 662,729 shares of the company were exchanged, compared to its average volume of 786,934. The firm has a market capitalization of $28.27 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. Dover has a fifty-two week low of $148.45 and a fifty-two week high of $214.57. The business has a fifty day simple moving average of $195.54 and a two-hundred day simple moving average of $190.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is 18.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group began coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target for the company. Barclays increased their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.55.

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.