Dover (DOV) AI Stock Analysis

• Market Cap: $24.41B
• Dividend Yield: 1.13%
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.17
• Revenue Growth: -8.23%
• EPS Growth: 54.92%
• Country: US
• Employees: 24,000
• Sector: Industrials
• Sector Strength: 83
• Industry: Industrial - Machinery
• EPS (TTM): 2.44
• Shares Outstanding: 137,134,460
• 10 Day Avg. Volume: 1,085,447
• 30 Day Avg. Volume: 1,100,549
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 3.46
• Enterprise Value/Gross Profit: 8.81
• Enterprise Value/Ebitda: 16.38
• 1Y Price Target: $214.00
• Price Target Upside: 19.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 75 Outperform
• Price Target: $206.00 ▲(14.83% Upside)

Dover's strong financial performance and positive earnings call are the most significant factors driving the score. The company's robust valuation also contributes positively. However, technical indicators suggest a neutral trend, and cash flow concerns warrant monitoring.

Positive Factors

Bookings Momentum

Potential upside to organic growth underpinned by strong bookings momentum.

Earnings

The 4Q adjusted EPS of $2.20 was above estimate and consensus.

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 Durability

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

Segment Weakness

SWEP and Belvac still weak, dragging down DCST organic, but sequential bookings momentum could provide a boost in 2Q+.

Dover Business Overview & Revenue Model

Company Description

Dover Corporation (DOV) is a diversified global manufacturer with a broad portfolio of products and solutions across various sectors, including industrial, commercial, and energy markets. The company operates through several segments, such as Engineered Systems, Pumps & Process Solutions, and Refrigeration & Food Equipment. Dover's core offerings include fluid management equipment, refrigeration systems, and industrial automation solutions, positioning it as a key player in enhancing operational efficiency and productivity for its customers.

How the Company Makes Money

Dover generates revenue through multiple key streams, primarily from the sale of equipment, systems, and services across its various business segments. The Engineered Systems segment contributes significantly by providing advanced technology solutions that cater to the needs of specific industries. The Pumps & Process Solutions segment earns revenue through the sale of pumps and related equipment, serving diverse markets such as oil and gas, food and beverage, and chemicals. Additionally, the Refrigeration & Food Equipment segment profits from supplying refrigeration systems and food service equipment. Dover's revenue model is bolstered by a mix of direct sales, aftermarket services, and long-term contracts with significant clients, alongside strategic partnerships that enhance its product offerings and market reach.

Dover Financial Statement Overview

Summary

Dover exhibits strong revenue growth and profitability with healthy margins, though recent net income decline poses a concern. The balance sheet is robust with moderate leverage and high return on equity, but cash flow trends suggest potential liquidity challenges if not addressed. Overall, the company is financially sound with areas to monitor for future risk.

Income Statement

Dover's revenue has shown a steady growth trend with a TTM revenue of $7.83 billion compared to $7.75 billion in the previous year. The gross profit margin is healthy at approximately 39.2%. However, there has been a noticeable decrease in net income from $2.70 billion to $2.29 billion in the TTM, affecting the net profit margin. The EBIT and EBITDA margins are strong at 16.3% and 21.1%, respectively, indicating stable operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity position with a Debt-to-Equity ratio of 0.41, suggesting moderate leverage. The return on equity is impressive at 30.8%, indicating effective use of shareholder funds to generate profit. However, the equity ratio is 56.5%, which shows a balanced asset financing structure but leaves room for improvement in leveraging the company's financial position.

Cash Flow

Dover's cash flow generation is stable with free cash flow of $556.63 million in the TTM. The operating cash flow to net income ratio decreased slightly, indicating less cash generation from operations relative to net income. Free cash flow growth has been declining, which could pose challenges if the trend continues, but the company remains cash-positive.

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	3.15B	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: Neutral
• Last Price: 179.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• 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 Neutral. The current price of 179.4 is below the 20-day moving average (MA) of 181.33, below the 50-day MA of 182.24, and below the 200-day MA of 185.84, indicating a bearish trend. The MACD of -1.83 indicates Positive momentum. The RSI at 47.36 is Neutral, neither overbought nor oversold. The STOCH value of 69.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DOV.

Dover Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
XYL	76 Outperform	$34.91B	37.28	8.76%	1.07%	3.97%	21.95%
DOV	75 Outperform	$24.41B	10.73	16.72%	1.13%	-8.23%	54.92%
NDSN	74 Outperform	$12.19B	27.76	15.54%	1.45%	1.98%	-7.66%
ROK	71 Outperform	$39.07B	40.77	28.46%	1.49%	-8.23%	-3.29%
Sector *	66 Neutral	£2.67B	12.99	3.30%	3.25%	2.40%	-22.21%
IR	63 Neutral	$31.88B	62.62	5.21%	0.10%	4.67%	-36.65%
IEX	62 Neutral	$12.59B	26.99	12.25%	1.67%	4.73%	-19.15%

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.