Research Analysts Set Expectations for Dover FY2024 Earnings

Dover Co. (NYSE:DOV) – Research analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for Dover in a research report issued on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak expects that the industrial products company will post earnings of $8.18 per share for the year. The consensus estimate for Dover’s current full-year earnings is $8.17 per share. Seaport Res Ptn also issued estimates for Dover’s Q4 2024 earnings at $2.09 EPS, Q1 2025 earnings at $2.12 EPS, Q2 2025 earnings at $2.44 EPS, Q3 2025 earnings at $2.53 EPS, Q4 2025 earnings at $2.32 EPS and FY2025 earnings at $9.41 EPS.

A number of other analysts have also issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. Mizuho upped their price target on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays upped their price target on shares of Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.44.

Dover Stock Down 0.1 %

Shares of NYSE:DOV opened at $189.11 on Thursday. Dover has a 1 year low of $129.63 and a 1 year high of $195.68. The business has a 50 day simple moving average of $187.71 and a two-hundred day simple moving average of $182.81. The firm has a market capitalization of $25.94 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Insider Buying and Selling at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the transaction, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,042 shares of company stock valued at $7,368,578 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

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

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.