Dover (NYSE:DOV) Shares Gap Down – Should You Sell?

Dover Corporation (NYSE:DOV)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $214.53, but opened at $201.46. Dover shares last traded at $197.0540, with a volume of 470,043 shares trading hands.

Analysts Set New Price Targets

DOV has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Oppenheimer upped their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. BMO Capital Markets lifted their price objective on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Barclays boosted their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.43.

Dover Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.61 and a beta of 1.16. The business’s fifty day simple moving average is $215.99 and its 200 day simple moving average is $215.49.

Dover (NYSE:DOV) last issued its earnings results 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. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company posted $2.44 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts forecast that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio is presently 25.94%.

Institutional Trading of Dover

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Dover in the 2nd quarter valued at about $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Dover during the 2nd quarter valued at about $1,030,000. Institutional investors 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.