Dover (NYSE:DOV) Issues Quarterly Earnings Results

Dover (NYSE:DOV) released its quarterly earnings data 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 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 Down 1.0 %

NYSE:DOV opened at $203.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The firm’s 50-day moving average price is $195.57 and its 200-day moving average price is $190.34. The company has a market capitalization of $27.91 billion, a PE ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23. Dover has a 1-year low of $148.45 and a 1-year high of $214.57.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOV. UBS Group lowered their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday. Mizuho raised their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Barclays upped their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

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.