Dover (NYSE:DOV) Posts Quarterly Earnings Results, Hits Estimates

Dover (NYSE:DOV) posted its earnings results on Thursday. The industrial products company reported $2.20 earnings per share for the quarter, meeting 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 Up 4.4 %

NYSE:DOV traded up $8.73 during mid-day trading on Thursday, reaching $206.09. The stock had a trading volume of 662,729 shares, compared to its average volume of 786,934. 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 stock’s 50 day simple moving average is $195.54 and its two-hundred day simple moving average is $190.11. Dover has a 1-year low of $148.45 and a 1-year high of $214.57. The company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Dover Announces Dividend

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

Wall Street Analyst Weigh In

DOV has been the subject of several analyst reports. 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. JPMorgan Chase & Co. cut their target price on Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dover presently 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.