Dover Co. (NYSE:DOV) to Post Q1 2025 Earnings of $2.11 Per Share, Zacks Research Forecasts

Dover Co. (NYSE:DOV) – Equities researchers at Zacks Research lifted their Q1 2025 earnings per share estimates for shares of Dover in a report released on Tuesday, September 17th. Zacks Research analyst S. Deb now forecasts that the industrial products company will post earnings of $2.11 per share for the quarter, up from their previous forecast of $2.10. The consensus estimate for Dover’s current full-year earnings is $9.17 per share. Zacks Research also issued estimates for Dover’s Q2 2025 earnings at $2.37 EPS, Q3 2025 earnings at $2.59 EPS, Q4 2025 earnings at $2.67 EPS, FY2025 earnings at $9.75 EPS and FY2026 earnings at $10.13 EPS.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.15. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. Dover’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS.

DOV has been the subject of several other reports. Mizuho lifted their price objective on Dover from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird reiterated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Finally, Royal Bank of Canada lifted their price objective on Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.63.

Dover Price Performance

DOV opened at $189.12 on Thursday. Dover has a 1 year low of $127.25 and a 1 year high of $192.31. The stock has a 50-day moving average price of $181.73 and a 200-day moving average price of $179.28. The firm has a market cap of $25.99 billion, a PE ratio of 18.17, a P/E/G ratio of 2.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.53 and a quick ratio of 0.95.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Dover in the 1st quarter worth approximately $27,000. McClarren Financial Advisors Inc. boosted its stake in Dover by 4,400.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares during the period. Fairscale Capital LLC bought a new position in Dover in the 2nd quarter worth approximately $34,000. Transcendent Capital Group LLC boosted its stake in Dover by 208.0% in the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 156 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Dover in the 2nd quarter worth approximately $41,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard J. Tobin sold 25,004 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the sale, the chief executive officer now directly owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at $2,274,887.16. The disclosure for this sale can be found here. Insiders sold 45,383 shares of company stock valued at $8,169,883 in the last quarter. 1.30% of the stock is currently owned by insiders.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.09%. This is a positive change from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio is presently 19.79%.

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.