Dover (NYSE:DOV) Price Target Raised to $253.00

16 Apr 2026, 03:24 by Amy Steele · The Cerbat Gem

Dover (NYSE:DOV – Free Report) had its price objective boosted by Citigroup from $231.00 to $253.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

DOV has been the subject of a number of other research reports. UBS Group set a $256.00 price objective on shares of Dover and gave the stock a “buy” rating in a report on Sunday, January 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Oppenheimer lifted their price objective on shares of Dover from $228.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Finally, Barclays set a $206.00 price objective on shares of Dover in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.62.

Get Our Latest Analysis on DOV

Dover Trading Down 1.3%

NYSE DOV opened at $215.71 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $217.76 and its 200-day simple moving average is $198.50. The stock has a market cap of $29.08 billion, a P/E ratio of 27.17, a PEG ratio of 1.68 and a beta of 1.25. Dover has a 52 week low of $155.45 and a 52 week high of $237.54.

Dover (NYSE:DOV – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Equities research analysts predict that Dover will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th 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 of this dividend was Friday, February 27th. Dover’s dividend payout ratio (DPR) is 26.20%.

Insider Activity

In related news, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the transaction, the chief executive officer owned 217,979 shares of the company’s stock, valued at $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the transaction, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This represents a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 82,497 shares of company stock valued at $19,196,277. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Dover

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Dover by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after purchasing an additional 120,341 shares during the last quarter. State Street Corp raised its position in Dover by 3.5% during the fourth quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after buying an additional 227,436 shares during the period. Geode Capital Management LLC raised its position in Dover by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after buying an additional 30,372 shares during the period. Bank of New York Mellon Corp grew its stake in Dover by 174.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after purchasing an additional 1,830,722 shares in the last quarter. Finally, Nuveen LLC grew its stake in Dover by 9.9% in the fourth quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock valued at $512,169,000 after purchasing an additional 235,454 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

About Dover

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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.