Dover Corporation

Dover Corporation

DOVยทNYSE

$213.51

+0.79%
IndustrialsIndustrial - Machinery

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment also offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe transport of traditional and clean fuel, and other hazardous substance along with supply chain, as well as operation of convenience retail, retail fueling, and vehicle wash establishment. The Imaging and Identification segment provides precision marking and coding; packaging intelligence; product traceability equipment; brand protection; and digital textile printing equipment, as well as related consumable, software, and service to packaged and consumer good, pharmaceutical, industrial manufacturing, fashion and apparel, and other end-market. Its Pumps and Process Solutions segment manufactures specialty pump, connector, and flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. It sells its products directly and through a network of distributors. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

At a Glance

Live Snapshot
Market Cap$28.75B
EPS7.9700
P/E Ratio26.79
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 26.8).

Valuation inputs: P/E 26.8, earnings yield +3.7%, momentum +0.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +14.8%, ROIC +9.4%).

Profitability stack: net margin +13.5%, ROE +14.8%, ROIC +9.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +44.8%, momentum +0.8%, net margin +13.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Dover Corporation Market vs Earnings Trajectory

DOV ยท NYSE

Loading price and EPS data...

Dover Corporation

Dover Corporation Fair Value Envelope

DOV ยท NYSE

Our analysis suggests that DOV has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $213.51, this represents a potential HIDDEN relative to our calculated worth for Dover Corporation.

Intrinsic Value
Current Price: $213.51
3Y+7.0%
5Y+68.0%
10Y+143.0%
3Y+3.0%
5Y+21.0%
10Y+34.0%
3Y+3.0%
5Y+60.0%
10Y+115.0%
3Y+66.0%
5Y+21.0%
10Y+55.0%
3Y+91.0%
5Y+19.0%
10Y+60.0%
3Y+23.0%
5Y+47.0%
10Y+33.0%
Dover Corporation

Dover Corporation Profit Bridge

DOV ยท NYSE
Revenue8.09B
Cost of Goods Sold (4.87B)
Gross Profit3.22B
Operating Expenses (1.84B)
Operating Income1.37B
Interest Expense (109.77M)
Other Income/Expense891.00K
Pretax Income1.37B
Income Tax (276.82M)
Net Income1.09B
Net Income
1.09B

Profitability Analysis

Gross Margin

39.8%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

17.0%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

13.5%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

20.1%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

39.77%
Gross Profit Margin
4%
3Y+7.0%
5Y+7.0%
10Y+8.0%
16.97%
Operating Profit Margin
9%
3Y+4.0%
5Y+22.0%
10Y+45.0%
13.52%
Net Profit Margin
-61%
3Y-
5Y+32.0%
10Y+61.0%
14.77%
Return on Equity
-62%
3Y-41.0%
5Y-27.0%
10Y+10.0%
8.15%
Return on Assets
-62%
3Y-17.0%
5Y+9.0%
10Y+62.0%
9.40%
Return on Invested Capital
5%
3Y-21.0%
5Y-10.0%
10Y+55.0%
DOV

Dover Corporation Cash Conversion Engine

DOV ยท NYSE
Net Income1.09B
Depreciation & Amortization379.58M
Stock-Based Compensation43.98M
Change in Working Capital-119.08M
Others-35.66M
Capital Expenditures-220.26M
Free Cash Flow1.12B

Cash Flow Quality Analysis

FCF Conversion Rate

102.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

16.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+92.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$119.08M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Dover Corporation Funding & Solvency Profile

DOV ยท NYSE
Cash & Cash Equivalents1.64B
Net Receivables1.44B
Inventory1.37B
Other Current Assets219.43M
Total Current Assets5 B
Property, Plant & Equipment1.11B
Goodwill & Intangible Assets7.10B
Long-Term Investments0.00
Other Non-Current Assets611.84M
Total Non-Current Assets2 B
Total Assets
13.51B

Financial Health Analysis

Current Ratio

1.87x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.80x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

2 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

35% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Dover Corporation Street Expectations Map

DOV ยท NYSE

Wall Street analysts project that DOV stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 237.08, with estimates ranging from a low of 195.00 to a high of 279.00.

Lowest Target
195.00
-8.67%
Consensus Target
237.08
11.04%
Highest Target
279.00
30.67%

The consensus 1-year price target stands at 237.08, with estimates ranging from a low of 195.00 to a high of 279.00.

Analyst Consensus Analysis

Upside Potential

+11.0%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

35.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

3.54x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

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Dover Corporation Insider Positioning

DOV ยท NYSE

During the last 12 months, insiders have sold $20.00M worth of DOV shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

82.5K

19.20M

Net Activity

-19.2M

-$19.20M

6-9 Months

Bought

0

0.00

Sold

4.3K

804.51K

Net Activity

-805K

-$805K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
TRJ

Tobin Richard J

Officer: Chairman, President & Ceo

77.0K sharesโ€ข1 transactions

$17.92M

2
CIM

Cabrera Ivonne M

Officer: Svp, General Counsel & Secr.

6.6K sharesโ€ข2 transactions

$1.43M

3
JG

Juneja Girish

Officer: Senior Vp & Cdo

1.5K sharesโ€ข1 transactions

$346K

4
WCB

Woenker Christopher B.

Officer: Senior Vp & Cfo

1.6K sharesโ€ข1 transactions

$303K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $20.00M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.25%
Dividend Yield
-4%
3Y-25.0%
5Y-31.0%
10Y-67.0%
ย 

dov Dividend History

DOV
10Y CAGR +4%
Latest $0.52
Annual $2.595
5 year growth trend
Last Period: +0%