Dover (NYSE:DOV) Upgraded at Wall Street Zen

03 Mar 2026, 07:26 by Sarita Garza · The Markets Daily

Wall Street Zen upgraded shares of Dover (NYSE:DOV – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

DOV has been the topic of a number of other research reports. Royal Bank Of Canada raised their target price on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Barclays set a $206.00 price objective on shares of Dover in a research note on Monday, February 2nd. Citigroup reissued a “buy” rating on shares of Dover in a report on Monday, January 12th. Robert W. Baird set a $255.00 target price on Dover in a report on Friday, January 30th. Finally, Wells Fargo & Company increased their target price on Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Read Our Latest Research Report on DOV

Dover Trading Up 0.2%

DOV opened at $226.02 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $212.64 and its two-hundred day moving average is $190.56. The company has a market capitalization of $30.48 billion, a P/E ratio of 28.47, a PEG ratio of 1.73 and a beta of 1.26. Dover has a 52 week low of $143.04 and a 52 week high of $237.54.

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

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 27th. Dover’s payout ratio is 26.20%.

Insider Activity at Dover

In other news, CEO Richard J. Tobin sold 76,997 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the transaction, the chief executive officer owned 217,979 shares in the company, valued at $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president directly owned 8,422 shares of the company’s stock, valued at $1,943,544.94. The trade was a 15.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 85,127 shares of company stock valued at $19,698,081 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Financial Life Planners acquired a new stake in shares of Dover during the third quarter worth $25,000. Meeder Asset Management Inc. raised its stake in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management purchased a new position in Dover in the 4th quarter worth $26,000. MV Capital Management Inc. acquired a new stake in Dover during the 4th quarter worth about $29,000. Finally, AdvisorShares Investments LLC purchased a new stake in Dover during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

About Dover

(Get Free Report)

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.