Wells Fargo Initiates Coverage of Dover at Overweight
Fintel reports that on September 25, 2026, Wells Fargo initiated coverage of Dover (NYSE:DOV) (BIT:1DOV) with a Overweight recommendation.
This action follows a prior action by Wells Fargo on March 17, 2026, when the firm upgraded the company from Equal-Weight to Overweight.
Dover Corporation, based in the United States, operates as a diversified global manufacturer. The company is a prominent player in the industrial sector, primarily specializing in the development of innovative equipment, components, and systems. Dover Corporation is organized into several key business segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions, and Refrigeration & Food Equipment.
On September 25, 2026, the latest close for Dover was $191.87. This represents a price change of +2.37% over one week, compared to a baseline close of $187.42 on September 18, 2026. Over a one-month period, the stock experienced a price change of -5.04% from a baseline close of $202.06 on August 25, 2026. The close on September 24, 2026, the session prior to the rating action, was $187.89.
Separate from Wells Fargo's individual rating, the current consensus target mean for Dover was $249.29 as of September 14, 2026, which represents an implied change of +29.92% from previous levels. The current consensus target median was $255.00 on that same date. This current consensus target mean of $249.29 is unchanged from the prior consensus target mean of $249.29 recorded on August 28, 2026, representing a consensus target revision of 0.00%.
As of the current recommendation period starting September 1, 2026, the aggregate analyst sentiment shows a total of 23 recommendations. This total consists of 6 strong buy, 11 buy, and 6 hold recommendations, with 0 sell and 0 strong sell recommendations. This breakdown results in 73.9% positive recommendations, 26.1% hold recommendations, and 0.0% negative recommendations. These figures are identical to the prior recommendation period starting August 1, 2026, which also recorded 23 total recommendations with 6 strong buy, 11 buy, 6 hold, 0 sell, and 0 strong sell recommendations, representing 73.9% positive, 26.1% hold, and 0.0% negative recommendations.
Dover's latest earnings report was released on July 23, 2026. The company reported an actual EPS of 2.74, compared to an EPS estimate of 2.7528, representing an earnings surprise of -0.46%. Actual revenue for the quarter was $2,190,021,000.00, compared to a revenue estimate of $2,231,784,476.00. The company's upcoming earnings date is scheduled for October 22, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 25, 2026 | Wells Fargo | Overweight | initiated coverage |
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This story originally appeared on Fintel.