We’re buying 30 shares of Dover at roughly $186. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 690 shares of DOV, increasing its weighting to 3.55% from 3.4%. Dover shares were lower to start the week despite a new bullish call by Citi. The analysts raised their price target to $226 per share from $202. They also named Dover its new “Top Pick in the Multi-industrials,” and opened an upside 90-day catalyst watch on the stock. Citi believes Dover’s potential for accelerating growth is underappreciated, highlighting its portfolio of high-margin niche businesses that are either bottoming out or experiencing a positive inflection in demand. A few businesses Citi called out were its biopharma, thermal connectors, heat exchanges, and beverage can making. Citi also likes how Dover’s operational executive has improved under CEO Rich Tobin, who appeared on “Mad Money” back in April to discuss the company’s first-quarter results. Citi thinks the combination of all the above, with Dover’s still muted valuation, will lead to stock price upside after the second quarter earnings report — due out before the opening bell on July 24. DOV YTD mountain Dover YTD Despite the positive Citi call, Dover shares fell Monday. The weakness could be due to the new 30% tariffs that President Donald Trump threatened against the European Union and Mexico over the weekend. According to the company’s first quarter 2025 earnings presentation, roughly 30% of Dover’s cost of goods base is from Europe. Based on a 10% tariff rate on Europe at the time of the deck, Dover estimated the incremental annualized tariff rate would translate to about $15 million. So, it’s possible that Dover is looking at a headwind of triple that figure. However, we would not make that extrapolation because the original estimate was before any cost mitigation, targeted pricing, or strategic share gain actions. Since tariffs have previously been quantified and Dover has tools at its disposal to offset the impact, the company should be able to navigate any potential disruption. (Jim Cramer’s Charitable Trust is long DOV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
