Dover (DOV) AI Stock Analysis

• Market Cap: $25.86B
• Dividend Yield: 1.09%
• Average Volume (3M): 920.12K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.15
• Revenue Growth: -5.86%
• EPS Growth: 59.79%
• Country: US
• Employees: 24,000
• Sector: Industrials
• Sector Strength: 86
• Industry: Industrial - Machinery
• EPS (TTM): 2.05
• Shares Outstanding: 137,104,370
• 10 Day Avg. Volume: 1,044,980
• 30 Day Avg. Volume: 920,123
• PEG Ratio: -0.71
• Price to Book (P/B): 3.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 42.28
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 8.17
• Enterprise Value/Ebitda: 2.91
• 1Y Price Target: $204.73
• Price Target Upside: 8.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 79 Outperform
• Price Target: $202.00 ▲(7.36%Upside)

Dover’s overall score reflects its robust financial performance and positive earnings call insights, which highlight strong margins and strategic positioning. Technical and valuation scores suggest stability and reasonable valuation, though not as impactful as financial metrics. The absence of notable corporate events does not detract from the company’s strengths.

Positive Factors

Growth Markets Exposure

Dover Corporation is positioned for better growth moving forward due to increased exposure to secular growth markets like Biopharma and Clean Energy.

Portfolio Transformation

The portfolio transformation focusing on acquisitions is expected to accelerate EPS and EBITDA growth, acting as a catalyst for stock re-rating.

Negative Factors

Growth Durability Concerns

There is concern about the durability of Dover Corporation's growth, as it might fade back to lower levels if comparisons normalize.

Growth Durability Uncertainty

There is concern around the durability of growth, as it is uncertain whether growth will fade back to lower levels on normalizing comparisons.

Dover Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Dover Corporation makes money through the sale of its diverse range of products and services across its five key segments. The Engineered Products segment generates revenue from products and systems used in vehicle service, industrial automation, and waste handling. The Fueling Solutions segment earns through the provision of components and systems for the safe handling of fuels and chemicals. Imaging & Identification revenue arises from printing and coding solutions for product identification and traceability. The Pumps & Process Solutions segment makes money via the sale of specialized pumps, fluid-handling components, and related services. Lastly, the Refrigeration & Food Equipment segment derives its earnings from refrigeration systems and solutions for the food retail industry. The company's profitability is supported by its global sales network, significant investments in innovation, strategic acquisitions, and partnerships with industry leaders to bolster its market position and expand its product offerings.

Dover Financial Statement Overview

Summary

Dover exhibits strong financial health with high profitability margins, a solid balance sheet, and efficient cash flow generation. Despite modest revenue growth, the company's overall financial position is robust, with a manageable debt level and effective shareholder equity utilization.

Income Statement

Dover's income statement shows robust financial health with a strong net profit margin of 28.84% in the TTM. The gross profit margin for the TTM is 38.65%, indicating efficient production processes. Despite a slight decline in revenue from 2023 to TTM, the company demonstrates strong profitability metrics, with EBIT and EBITDA margins of 16.27% and 20.82%, respectively. The revenue growth rate from 2024 to TTM is a modest 2.73%, suggesting stable revenue generation but room for improvement in growth.

Balance Sheet

Dover maintains a solid balance sheet with a debt-to-equity ratio of 0.42 for TTM, reflecting prudent financial leverage. The equity ratio of 56.44% indicates a strong equity base relative to total assets. Return on equity is a remarkable 32.16%, showcasing effective use of shareholder equity to generate profits. Overall, the company shows a strong balance sheet with manageable debt levels, although there is potential risk if debt levels rise significantly.

Cash Flow

The cash flow statement reveals strong operational efficiency with an operating cash flow to net income ratio of 0.32 in TTM, indicating that the company generates sufficient cash from operations relative to its net income. The free cash flow to net income ratio is 0.25, which, although slightly lower, still reflects positive cash flow health. Additionally, the free cash flow growth rate from 2024 to TTM is 2.21%, suggesting steady cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.96B	7.75B	8.44B	8.51B	7.91B	6.68B
Gross Profit	3.08B	2.96B	3.08B	3.07B	2.97B	2.47B
EBITDA	1.77B	2.23B	1.72B	1.71B	1.80B	1.23B
Net Income	2.30B	2.70B	1.06B	1.07B	1.12B	683.45M
Balance Sheet
Total Assets	12.65B	12.51B	11.35B	10.90B	10.40B	9.15B
Cash, Cash Equivalents and Short-Term Investments	1.81B	1.84B	398.56M	380.87M	385.50M	513.08M
Total Debt	2.97B	2.93B	3.68B	3.89B	3.30B	3.29B
Total Liabilities	5.51B	5.56B	6.24B	6.61B	6.21B	5.77B
Stockholders Equity	7.14B	6.95B	5.11B	4.29B	4.19B	3.39B
Cash Flow
Free Cash Flow	567.15M	580.85M	1.14B	584.76M	944.40M	939.12M
Operating Cash Flow	738.40M	748.38M	1.34B	805.72M	1.12B	1.10B
Investing Cash Flow	1.45B	1.96B	-726.63M	-540.92M	-992.75M	-481.38M
Financing Cash Flow	-1.31B	-1.27B	-568.06M	-260.26M	-249.88M	-506.29M

Dover Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 188.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOV, the sentiment is Positive. The current price of 188.15 is above the 20-day moving average (MA) of 180.48, above the 50-day MA of 178.10, and above the 200-day MA of 186.59, indicating a bullish trend. The MACD of 2.38 indicates Negative momentum. The RSI at 68.60 is Neutral, neither overbought nor oversold. The STOCH value of 93.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DOV.

Dover Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOV	79 Outperform	$25.86B	11.36	17.45%	1.09%	-5.86%	59.79%
NDSN	77 Outperform	$12.59B	28.66	15.54%	1.40%	1.98%	-7.66%
IEX	76 Outperform	$13.76B	28.85	12.73%	1.56%	1.66%	-17.18%
XYL	72 Outperform	$32.19B	35.59	8.62%	1.21%	8.14%	32.64%
ROK	69 Neutral	$38.63B	43.15	25.86%	1.53%	-11.19%	-22.50%
IR	68 Neutral	$34.92B	42.79	8.09%	0.09%	5.27%	0.61%
Sector *	58 Neutral	$1.34B	4.24	-2.93%	7.38%	3.67%	-51.13%

Dover Corporate Events

Dover Holds Annual Shareholders Meeting, Elects Directors

On May 2, 2025, Dover Corporation held its Annual Meeting of Shareholders, where nine directors were elected, PricewaterhouseCoopers LLP was ratified as the independent auditor for 2025, and the compensation of named executive officers was approved. However, a proposal for an independent board chair was rejected, reflecting the company’s current governance structure and shareholder sentiment.

Dover Reports Q1 2025 Financial Results

On April 24, 2025, Dover announced its financial results for the first quarter ended March 31, 2025, reporting a 1% decrease in revenue to $1.9 billion compared to the previous year. Despite a 60% drop in GAAP earnings from continuing operations due to a prior year’s gain on disposition, adjusted earnings rose by 18%, and adjusted diluted EPS increased by 19%. The company highlighted strong demand and order trends across its segments, particularly in biopharma components and CO2 systems, and maintained a positive outlook for the near term, supported by a robust backlog and exceptional margin performance.