Dover (DOV) AI Stock Analysis

• Market Cap: $26.17B
• Dividend Yield: 1.1%
• Average Volume (3M): 972.42K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 1.16
• Revenue Growth: -8.23%
• EPS Growth: 54.92%
• Country: US
• Employees: 24,000
• Sector: Industrials
• Sector Strength: 94
• Industry: Industrial - Machinery
• EPS (TTM): 2.44
• Shares Outstanding: 137,104,370
• 10 Day Avg. Volume: 1,143,303
• 30 Day Avg. Volume: 972,425
• PEG Ratio: -0.77
• Price to Book (P/B): 3.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 45.57
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 10.23
• Enterprise Value/Ebitda: 5.54
• 1Y Price Target: $215.27
• Price Target Upside: 15.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 80 Outperform
• Price Target: $215.00 ▲(15.20%Upside)

Dover's overall stock score reflects its strong financial performance and positive earnings call, offset by neutral technical indicators and fair valuation. The company's effective cost management and strategic acquisitions drive optimism, though modest revenue growth and segment challenges suggest a need for careful monitoring.

Positive Factors

Earnings Growth

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

Financial Performance

Dover Corporation has expanded margins impressively over the last five years, even facing volume and mix headwinds.

Growth Markets

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

Negative Factors

Growth Concerns

There is concern about the durability of Dover's growth, with potential for it to fade back to lower levels, making it difficult for the stock to re-rate.

Growth Durability

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

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 demonstrates strong financial health with robust profitability metrics, a solid balance sheet, and efficient cash flow generation. However, revenue growth is modest, indicating room for improvement.

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

Dover Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 186.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 186.63 is below the 20-day moving average (MA) of 187.63, above the 50-day MA of 182.85, and above the 200-day MA of 186.58, indicating a neutral trend. The MACD of 2.12 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 55.48 is Neutral, 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	80 Outperform	$26.17B	11.50	16.72%	1.10%	-8.23%	54.92%
IEX	76 Outperform	$13.93B	29.21	12.73%	1.52%	1.66%	-17.18%
XYL	76 Outperform	$32.07B	35.45	8.62%	1.16%	8.14%	32.64%
NDSN	75 Outperform	$12.43B	28.30	15.54%	1.42%	1.98%	-7.66%
IR	73 Outperform	$35.06B	42.93	8.09%	0.09%	5.27%	0.61%
Sector *	71 Outperform	¥269.20B	13.84	8.47%	2.89%	6.33%	13.01%
ROK	69 Neutral	$40.35B	45.07	25.86%	1.45%	-11.19%	-22.50%

Dover Corporate Events

Dover Reports Strong Q2 2025 Financial Results

Dover announced its financial results for the second quarter ending June 30, 2025, reporting a 5% increase in revenue to $2.0 billion and a 14% rise in GAAP earnings from continuing operations to $280 million. The company attributed its solid performance to strong production execution and shipment growth, particularly in short cycle components and secular-growth-exposed end markets. Dover also completed two acquisitions in its high-priority Pumps & Process Solutions segment, enhancing its market position. Despite macroeconomic challenges, Dover remains optimistic about the second half of 2025, raising its full-year adjusted EPS guidance.

The most recent analyst rating on (DOV) stock is a Buy with a $202.00 price target. To see the full list of analyst forecasts on Dover stock, see the DOV Stock Forecast page.

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.