Dover (NYSE:DOV) Updates FY 2026 Earnings Guidance

Dover (NYSE:DOV) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 10.550-10.750 for the period, compared to the consensus EPS estimate of 10.640. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.6 billion.

Dover Trading Down 8.7%

Shares of DOV stock traded down $18.77 during mid-day trading on Thursday, hitting $195.76. 588,087 shares of the company’s stock were exchanged, compared to its average volume of 1,117,504. The stock has a market cap of $26.36 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.61 and a beta of 1.16. The stock has a 50-day simple moving average of $215.99 and a two-hundred day simple moving average of $215.49. Dover has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last posted 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. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts expect that Dover will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio is 25.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $241.43.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently modified their holdings of DOV. Meeder Asset Management Inc. raised its stake in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. DV Equities LLC acquired a new position in Dover during the 4th quarter worth $37,000. Zions Bancorporation National Association UT boosted its holdings in Dover by 107.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 245 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 127 shares during the period. J.Safra Asset Management Corp bought a new stake in Dover during the fourth quarter valued at about $49,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Dover in the third quarter valued at about $60,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

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.