What is Zacks Research’s Estimate for Dover FY2028 Earnings?

Dover Corporation (NYSE:DOV) – Investment analysts at Zacks Research reduced their FY2028 EPS estimates for shares of Dover in a note issued to investors on Tuesday, April 21st. Zacks Research analyst Team now anticipates that the industrial products company will earn $11.65 per share for the year, down from their prior estimate of $11.67. The consensus estimate for Dover’s current full-year earnings is $10.54 per share.

Several other research firms have also recently weighed in on DOV. Oppenheimer increased their price objective on Dover from $232.00 to $242.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. JPMorgan Chase & Co. increased their price objective on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Finally, Citigroup increased their price objective on Dover from $231.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $229.38.

Dover Stock Performance

NYSE:DOV opened at $216.39 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $217.02 and a 200 day simple moving average of $200.31. Dover has a 1-year low of $158.14 and a 1-year high of $237.54. The stock has a market cap of $29.17 billion, a P/E ratio of 27.25, a PEG ratio of 1.70 and a beta of 1.25.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $2.20 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.

Hedge Funds Weigh In On Dover

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Dover by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after purchasing an additional 120,341 shares during the last quarter. State Street Corp increased its stake in shares of Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after purchasing an additional 227,436 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dover by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after purchasing an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dover by 174.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after purchasing an additional 1,830,722 shares during the last quarter. Finally, Nuveen LLC increased its stake in shares of Dover by 9.9% in the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock valued at $512,169,000 after purchasing an additional 235,454 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Insiders Place Their Bets

In other Dover news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the transaction, the vice president owned 8,422 shares in the company, valued at $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the transaction, the chief executive officer owned 217,979 shares in the company, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,497 shares of company stock worth $19,196,277 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio (DPR) is 26.20%.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.