Dover (NYSE:DOV) Announces Quarterly Earnings Results

Dover (NYSE:DOV) issued its quarterly earnings data on Thursday. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20, Zacks reports. Dover had a return on equity of 23.61% and a net margin of 18.63%. Dover updated its FY 2025 guidance to 9.300-9.500 EPS.

Dover Price Performance

Dover stock opened at $205.27 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $195.60 and its 200 day simple moving average is $190.22. Dover has a 52 week low of $148.45 and a 52 week high of $214.57. The firm has a market capitalization of $28.16 billion, a PE ratio of 18.36, a P/E/G ratio of 2.03 and a beta of 1.23.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

DOV has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Citigroup cut their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group increased their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Company Profile

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.