Dover (NYSE:DOV) Releases FY 2025 Earnings Guidance

Dover (NYSE:DOV) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 9.500-9.600 for the period, compared to the consensus earnings per share estimate of 9.470. The company issued revenue guidance of $8.1 billion-$8.2 billion, compared to the consensus revenue estimate of $8.1 billion.

Dover Price Performance

Shares of Dover stock opened at $177.64 on Friday. The stock has a 50 day moving average of $172.13 and a 200 day moving average of $175.85. Dover has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a market cap of $24.36 billion, a PE ratio of 10.92, a PEG ratio of 1.43 and a beta of 1.26. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. Dover had a return on equity of 17.91% and a net margin of 28.37%.The company had revenue of $1.78 billion during the quarter. On average, research analysts expect that Dover will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.52 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Dover’s dividend payout ratio (DPR) is 12.55%.

Analyst Ratings Changes

Several research firms recently commented on DOV. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Royal Bank Of Canada lifted their price target on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Oppenheimer dropped their price target on Dover from $225.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. MUFG Securities EMEA plc purchased a new stake in shares of Dover in the second quarter valued at approximately $74,000. Royal Capital Wealth Management LLC bought a new position in Dover in the second quarter worth approximately $201,000. Benjamin Edwards Inc. bought a new position in Dover in the second quarter worth approximately $247,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Dover in the second quarter worth approximately $290,000. Finally, Sivia Capital Partners LLC bought a new position in Dover in the second quarter worth approximately $488,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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.