FY2024 Earnings Forecast for Dover Issued By Seaport Res Ptn

Dover Co. (NYSE:DOV) – Investment analysts at Seaport Res Ptn issued their FY2024 EPS estimates for Dover in a research report issued on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak forecasts 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 $9.18 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 research analysts have also commented on DOV. Barclays lifted their price objective on shares of Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. Royal Bank of Canada boosted their price target on shares of Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.44.

Dover Trading Down 1.9 %

NYSE DOV opened at $189.31 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. The firm has a market cap of $25.97 billion, a PE ratio of 16.93, a P/E/G ratio of 2.20 and a beta of 1.22. Dover has a one year low of $127.25 and a one year high of $195.68. The firm’s fifty day moving average is $187.62 and its two-hundred day moving average is $182.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DOV. Wealth Enhancement Advisory Services LLC raised its holdings in Dover by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,085 shares of the industrial products company’s stock valued at $2,319,000 after acquiring an additional 274 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Dover by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 379,103 shares of the industrial products company’s stock valued at $67,173,000 after acquiring an additional 3,620 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Dover by 14.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,157 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 278 shares during the last quarter. Mission Wealth Management LP raised its holdings in Dover by 1.7% in the 1st quarter. Mission Wealth Management LP now owns 8,144 shares of the industrial products company’s stock valued at $1,443,000 after acquiring an additional 136 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Dover by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,286 shares of the industrial products company’s stock valued at $4,835,000 after acquiring an additional 2,387 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 41,042 shares of company stock valued at $7,368,578 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.