Dover (NYSE:DOV) Shares Gap Down – What’s Next?

26 Apr 2025, 09:50 by Jessica Moore · The Cerbat Gem

Dover Co. (NYSE:DOV – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $166.35, but opened at $159.98. Dover shares last traded at $166.14, with a volume of 825,008 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DOV shares. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Dover in a research note on Friday. Citigroup dropped their target price on shares of Dover from $244.00 to $201.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley started coverage on shares of Dover in a report on Monday, April 14th. They set an “equal weight” rating and a $185.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Six 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, Dover has a consensus rating of “Moderate Buy” and an average price target of $209.50.

View Our Latest Research Report on DOV

Dover Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The business has a 50 day moving average price of $176.90 and a two-hundred day moving average price of $189.66. The company has a market cap of $23.19 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV – Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, sell-side analysts anticipate that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.22%. Dover’s payout ratio is presently 10.59%.

Institutional Investors Weigh In On Dover

Several institutional investors and hedge funds have recently bought and sold shares of DOV. Norges Bank bought a new position in shares of Dover during the fourth quarter valued at approximately $316,228,000. GAMMA Investing LLC raised its holdings in Dover by 35,832.0% in the 1st quarter. GAMMA Investing LLC now owns 563,054 shares of the industrial products company’s stock worth $98,917,000 after purchasing an additional 561,487 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Dover in the 4th quarter worth about $99,017,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Dover by 31.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company’s stock valued at $409,530,000 after purchasing an additional 524,092 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Dover by 350.8% during the first quarter. Assenagon Asset Management S.A. now owns 410,350 shares of the industrial products company’s stock valued at $72,090,000 after buying an additional 319,319 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

About Dover

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