Dover (DOV, Financial) has expanded its Pump Solutions Group by acquiring ipp Pump Products. Based in Bersenbruck, Germany, ipp specializes in the production of sanitary pump technologies, including hygienic lobe and progressive equipment. This acquisition enhances Dover's offerings in critical hygienic applications, catering to industries such as food and beverage, cosmetics, and pharmaceuticals. While the financial specifics of the deal remain undisclosed, the move strategically broadens Dover's capabilities within its Pumps & Process Solutions segment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Dover Corp (DOV, Financial) is $200.25 with a high estimate of $230.00 and a low estimate of $169.21. The average target implies an upside of 13.97% from the current price of $175.70. More detailed estimate data can be found on the Dover Corp (DOV) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Dover Corp's (DOV, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dover Corp (DOV, Financial) in one year is $160.55, suggesting a downside of 8.62% from the current price of $175.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dover Corp (DOV) Summary page.
