Wall Street Zen Downgrades Dover (NYSE:DOV) to Hold

Dover (NYSE:DOV) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on DOV. Morgan Stanley boosted their price objective on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Royal Bank Of Canada reduced their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday. Citigroup reissued a “buy” rating on shares of Dover in a research note on Friday, April 24th. Oppenheimer upped their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Barclays raised 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. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Price Performance

Dover stock opened at $202.45 on Friday. The company has a market cap of $27.27 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Dover has a one year low of $158.97 and a one year high of $237.54. The business has a fifty day moving average of $215.49 and a two-hundred day moving average of $215.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts predict that Dover will post 10.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dover

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Dover during the second quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Dover during the 2nd quarter worth about $1,030,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover News Roundup

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

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.