Dover (NYSE:DOV) Releases Earnings Results, Beats Estimates By $0.03 EPS

Dover (NYSE:DOV) announced its earnings results on Thursday. The industrial products company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03, FiscalAI reports. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $2.20 earnings per share. Dover’s quarterly revenue was up 8.8% on a year-over-year basis.

Here are the key takeaways from Dover’s conference call:

• Dover closed Q4 with broad-based momentum — organic growth of 5% (the year’s high), bookings +10% in Q4 and a book-to-bill of 1.02, supporting durable demand into 2026.
• Profitability and cash generation strengthened — segment EBITDA margin rose 60 bps to 24.8%, Q4 all-in adjusted EPS was $9.61 (+14%), and Q4 free cash flow was $487M (23% of revenue); 2026 FCF is guided at 14–16% of revenue.
• Management is actively deploying capital while preserving optionality — 2025 closed acquisitions (~$700M) are outperforming underwriting, a $500M accelerated share repurchase was started, and Dover guides 2026 EPS $10.45–$10.65 (double-digit growth at midpoint).
• Notable near-term headwinds and uncertainties remain — Engineered Products revenue declined (vehicle aftermarket/vehicle services), the company has commodity exposure (copper/steel) that may require pricing action, and typical Q1 seasonality/backlog timing could produce uneven early‑year results.

Dover Stock Down 0.5%

Shares of NYSE DOV opened at $201.57 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.44. The company has a 50-day moving average price of $198.14 and a 200-day moving average price of $183.98. The stock has a market capitalization of $27.64 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.41 and a beta of 1.31. Dover has a 1 year low of $143.04 and a 1 year high of $222.31.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio (DPR) is currently 12.79%.

Insider Activity

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the transaction, the senior vice president owned 72,968 shares in the company, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at $474,960.12. This represents a 38.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dover

Several large investors have recently bought and sold shares of DOV. Palisade Asset Management LLC bought a new stake in Dover in the third quarter worth about $60,000. MUFG Securities EMEA plc bought a new stake in shares of Dover in the 2nd quarter worth approximately $74,000. Caitong International Asset Management Co. Ltd lifted its stake in Dover by 419.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 473 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 382 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in Dover in the third quarter worth $99,000. Finally, Centaurus Financial Inc. increased its position in Dover by 31.6% in the third quarter. Centaurus Financial Inc. now owns 796 shares of the industrial products company’s stock worth $133,000 after buying an additional 191 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. BNP Paribas Exane began coverage on Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Dover in a report on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Monday, January 12th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Wells Fargo & Company raised their price target on shares of Dover from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.67.

Key Headlines Impacting Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Q4 results beat expectations — Dover reported $2.51 EPS (toppling the $2.48 consensus) and revenue (~$2.10B) rose ~8.8% y/y, with margins and bookings improving; this confirms accelerating organic growth. Read More.
• Positive Sentiment: Data‑center demand helped results — management cited strong demand for AI/data‑center liquid‑cooling products as a driver of Q4 profit growth, signaling exposure to a higher‑growth end market. Read More.
• Positive Sentiment: New product launch supports long‑term end markets — SWEP (a Dover business) introduced an all‑stainless heat‑exchanger product aimed at electronics/semiconductor cooling, strengthening product exposure to secular trends. Read More.
• Neutral Sentiment: Analyst action mixed — Wells Fargo nudged its price target to $210 from $205 but kept an “equal weight” rating, a modest positive on valuation but not a bullish endorsement. Read More.
• Neutral Sentiment: Investor materials available — Management hosted the Q4 call and published the press release and slide deck (useful for digging into segment dynamics, margin drivers and backlog details). Read More.
• Negative Sentiment: FY‑2026 guidance slightly soft on EPS — Dover guided EPS to $10.45–$10.65 vs. a consensus near $10.62; the lower end of the range and tightness around consensus likely disappointed some investors and capped upside given the beat elsewhere.
• Negative Sentiment: Market caution — some commentators urged patience ahead of the quarter (e.g., cautious take from commentators like Jim Cramer), contributing to muted investor reaction despite the beat. Read More.

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.