Mizuho Cuts Dover (DOV) Price Target to $245
Mizuho maintains its Outperform rating and adjusts the price target for Dover Corporation to $245, a 24.69% upside from the current price.
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Mizuho cut its price target on Dover Corporation ($DOV) to $245 from $270 on October 15, 2026, and rates the stock "Outperform".
Since the rating, $DOV is up 0.9% to date (from the $194.09 close on Oct 15, 2026).
DOV
Dover Corporation
Key Points
- On October 15, Mizuho reiterated its Outperform rating on Dover Corporation (NYSE: DOV), lowering the price target from $270 to $245.
- Mizuho's $245 price target implies 24.69% upside from Dover Corporation's ($DOV) current $196.48 share price.
- Dover's shares recently traded at $196.48, reflecting a decline from their 52-week high of $237.54.
- The company has a market cap of approximately $25.1 billion and a P/E ratio of 22.5.
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Mizuho has reiterated its Outperform rating on Dover Corporation (NYSE: DOV) and lowered its price target to $245 from a previous target of $270. This update was published on October 15, 2026, while the stock was trading at $196.48, significantly lower than its 52-week high of $237.54.
Mizuho vs. the S&P 500
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Other Institutional Activity in Dover Corporation
Several other institutional investors have maintained their positions in Dover Corporation. JPMorgan Chase & Co. increased its holdings by 494,229 shares, bringing its total to 14,615,050 shares valued at approximately $2.86 billion. BlackRock Inc. added 441,062 shares, now holding 10,465,196 shares worth about $2.05 billion. Vanguard Capital Management LLC saw a smaller increase of 33,325 shares, totaling 8,803,061 shares valued at around $1.72 billion. State Street Corporation grew its holdings by 120,874 shares, bringing its total to 6,619,459 shares worth about $1.29 billion. Finally, Vanguard Portfolio Management LLC added 29,101 shares, holding 6,496,051 shares valued at approximately $1.27 billion.
Dover Corporation Stock Up 4.8%
Dover Corporation's shares are currently priced at $196.48, which is down significantly from its recent highs. This decline comes as investors weigh the recent target adjustment by analysts against the backdrop of a market cap of about $25.1 billion. The stock's performance has been fluctuating around its 50-day moving average of $201.71.
$DOV price target
Dover Corporation daily closes and this analyst's $245 target. Not advice.
Recent Earnings
Dover Corporation reported revenue of about $8.42 billion, reflecting a revenue growth of 6.9%. The company has an EPS of $8.27 with a net margin of 13.5% and a return on equity of 14.9%. The next earnings report is scheduled for October 22, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 1.5%.
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Profit surprise
EBITDA missed by 29 percent. Operating income missed by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 1.0 points. Positive free cash flow.
Earnings Call Summary
Dover had a strong first quarter with revenue of $2.05 billion, up 10 percent from last year, and adjusted earnings per share of $2.28, up 11 percent. The standout was bookings, which hit a record $2.5 billion, up 24 percent year over year, driven by strong demand in clean energy, climate technologies, and aerospace and defense. Management said customers are booking orders well into the future because of tight supply, not because they are trying to beat price increases or tariffs.
Guidance Dover reaffirmed full year guidance and expects to drive toward the top end of the range. The company expects roughly $2.2 billion in second quarter revenue, with seasonal strength in Q2 and Q3. Management is committed to double-digit adjusted earnings per share growth for 2026.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Dover Corporation pays an annual dividend of $2.10 per share, resulting in a yield of 1.12%. The dividend payout ratio stands at 25.15%.
Insider Buying and Selling at Dover Corporation
Insider transactions at Dover show activity from several executives. Chief Executive Officer Richard J. Tobin sold 76,997 shares at an average price of $232.70 on February 19, 2026, totaling about $17.92 million. General Counsel Ivonne M. Cabrera sold 4,000 shares at $233.23 on February 17, 2026, amounting to nearly $932,912. Another insider, Girish Juneja, sold 1,500 shares at $230.77 on February 11, 2026, for about $346,155. Cabrera also sold 2,630 shares at $190.80 on December 4, 2025, bringing in around $501,816.
Analysts Set New Price Targets
On October 15, 2026, Mizuho maintained its Outperform rating for Dover Corporation, with a new price target of $245, down from $270. RBC Capital also maintained its Sector Perform rating with a target of $216, reduced from $227. Wells Fargo initiated coverage with an Overweight rating and a target price set at $229.
About Dover Corporation
Dover Corporation, based in Downers Grove, Illinois, provides a variety of equipment and components, consumable supplies, and software solutions for different industries, including aerospace and defense, industrial machinery, and fluid dispensing. This analyst update highlights ongoing interest from major funds and the company's solid performance metrics, even as targets adjust.
Bottom Line
Investors should keep an eye on Dover Corporation as it approaches its next earnings date on October 22, 2026. The recent adjustments in analyst ratings reflect the market's analysis of the company's performance and valuation. Remember, the latest analyst ratings come from a backward-looking perspective, based on previous 13F filings and not necessarily representing current positions.
Related Filing Alerts
Source: Mizuho's rating change on $DOV (Oct 15, 2026). Written by software, not financial advice. How we make alerts