Dover (NYSE:DOV) Given New $227.00 Price Target at Royal Bank Of Canada

Dover (NYSE:DOV) had its price objective cut by Royal Bank Of Canada from $252.00 to $227.00 in a research report report published on Friday morning, MarketBeat reports. They currently have a sector perform rating on the industrial products company’s stock.

Several other analysts have also recently issued reports on the company. Wolfe Research restated an “outperform” rating and issued a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Morgan Stanley boosted their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $255.00 to $240.00 in a report on Friday. Barclays raised their price objective on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, Oppenheimer boosted their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $238.29.

Dover Stock Up 2.4%

Shares of DOV opened at $202.45 on Friday. The stock has a 50 day moving average price of $215.49 and a 200 day moving average price of $215.42. Dover has a one year low of $158.97 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The stock has a market capitalization of $27.26 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.50 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.43%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. Dover’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts forecast that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Tema ETFs LLC boosted its holdings in shares of Dover by 6.0% in the second quarter. Tema ETFs LLC now owns 2,554 shares of the industrial products company’s stock valued at $573,000 after acquiring an additional 145 shares during the period. E. Ohman J or Asset Management AB raised its position in Dover by 3,177.2% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 146,949 shares of the industrial products company’s stock valued at $32,958,000 after purchasing an additional 142,465 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Dover by 9.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,296 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 110 shares during the last quarter. Gradient Investments LLC boosted its stake in Dover by 10.6% during the 2nd quarter. Gradient Investments LLC now owns 13,018 shares of the industrial products company’s stock worth $2,920,000 after purchasing an additional 1,249 shares during the period. Finally, Czech National Bank grew its position in Dover by 4.4% during the 2nd quarter. Czech National Bank now owns 38,330 shares of the industrial products company’s stock worth $8,597,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

More Dover News

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

About Dover

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.