RBC Capital Markets Maintains "Sector Perform" on Dover (DOV) Stock, Cuts PT

Dover Corporation (NYSE:DOV) is one of the most profitable manufacturing stocks to buy now.

On October 16, 2025, RBC Capital Markets maintained its “Sector Perform” rating on Dover while cutting the 12‑month price target to $183 from $206. In their commentary, the analyst noted that although tailwinds like AI/datacenter infrastructure, reshoring and electrification remain multi‑year positives for the industrials complex.

Dover is currently hampered by weak organic growth (below 1 % in recent quarters) and uneven end‑market demand such as in residential construction and HVAC. RBC’s recalibration reflects a sober view: margins and cost‑out efforts are doing the heavy lifting now, but meaningful revenue acceleration remains elusive, so the stock merits caution rather than aggressive bullishness.

Dover Corporation (NYSE:DOV) designs and manufactures industrial products spanning fluid management, refrigeration, material handling, mobile equipment and identification systems, serving global end‑markets from infrastructure to process industries.

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