Dover (DOV) AI Stock Analysis

• Market Cap: $24.49B
• Dividend Yield: 1.14%
• Average Volume (3M): 1.25M
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.19
• Revenue Growth: -5.24%
• EPS Growth: 45.69%
• Country: US
• Employees: 24,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.62
• Shares Outstanding: 137,153,230
• 10 Day Avg. Volume: 1,182,836
• 30 Day Avg. Volume: 1,249,022
• PEG Ratio: 0.06
• Price to Book (P/B): 3.72
• Price to Sales (P/S): 3.34
• P/FCF Ratio: 44.49
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 3.10
• Enterprise Value/Gross Profit: 7.81
• Enterprise Value/Ebitda: 13.53
• 1Y Price Target: $210.90
• Price Target Upside: 16.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 9.58
• Revenue Forecast (FY): $8.07B

• Rating: 76 Outperform
• Price Target: $200.00 ▲(10.91% Upside)

Dover's strong financial performance and positive earnings call are the primary drivers of its stock score. The company's solid revenue growth, profitability, and strategic outlook contribute significantly to its appeal. Technical analysis and valuation provide moderate support, indicating potential for future gains despite some short-term resistance.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Margin Improvement

Improved margins reflect operational efficiency and cost management, enhancing profitability and competitive positioning.

Positive Outlook

A positive future outlook with sustained order growth suggests robust demand and strategic positioning for continued success.

Negative Factors

Decline in Engineered Products

Revenue decline in key segments can indicate challenges in market demand or competitive pressures, potentially impacting growth.

Challenges in Climate & Sustainability

Challenges in this segment highlight potential market saturation or shifts in demand, affecting long-term revenue stability.

Vehicle Wash Segment Headwinds

Ongoing headwinds in this segment suggest operational or market challenges that may hinder recovery and growth prospects.

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 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 shows 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.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.92B	7.75B	7.68B	7.84B	7.91B	6.68B
Gross Profit	3.14B	2.96B	2.87B	2.90B	2.97B	2.47B
EBITDA	1.81B	2.23B	1.56B	1.60B	1.80B	1.23B
Net Income	2.25B	2.70B	1.06B	1.07B	1.12B	683.45M
Balance Sheet
Total Assets	13.42B	12.51B	11.35B	10.90B	10.40B	9.15B
Cash, Cash Equivalents and Short-Term Investments	1.55B	1.84B	398.56M	380.87M	385.50M	513.08M
Total Debt	3.07B	3.15B	3.68B	3.89B	3.30B	3.29B
Total Liabilities	5.76B	5.56B	6.24B	6.61B	6.21B	5.77B
Stockholders Equity	7.66B	6.95B	5.11B	4.29B	4.19B	3.39B
Cash Flow
Free Cash Flow	568.09M	580.85M	1.14B	584.76M	944.40M	939.12M
Operating Cash Flow	785.27M	748.38M	1.34B	805.72M	1.12B	1.10B
Investing Cash Flow	1.09B	1.96B	-726.63M	-540.92M	-992.75M	-481.38M
Financing Cash Flow	-733.58M	-1.27B	-568.06M	-260.26M	-249.88M	-506.29M

Dover Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 180.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 180.33 is above the 20-day moving average (MA) of 174.11, above the 50-day MA of 172.00, and above the 200-day MA of 179.02, indicating a bullish trend. The MACD of 2.90 indicates Negative momentum. The RSI at 60.74 is Neutral, neither overbought nor oversold. The STOCH value of 34.65 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
XYL	79 Outperform	$36.69B	38.76	8.70%	1.03%	5.56%	13.76%
DOV	76 Outperform	$24.49B	10.98	15.88%	1.14%	-5.24%	45.69%
PNR	75 Outperform	$17.45B	27.06	17.97%	0.93%	0.83%	-1.32%
GGG	70 Outperform	$13.47B	27.76	19.45%	1.35%	2.85%	3.09%
OTIS	67 Neutral	$35.52B	26.86	―	1.73%	0.73%	-15.57%
IR	66 Neutral	$30.98B	58.16	5.35%	0.10%	4.20%	-34.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Dover Corporate Events

Dover Corporation’s Risk Profile Remains Stable: What Investors Need to Know

Dover Corporation continues to face the same risk factors as previously disclosed in their Annual Report on Form 10-K for the year ended December 31, 2024. This indicates that the company has not experienced any significant changes in its risk profile, suggesting stability in its operational environment. However, stakeholders should remain vigilant as the unchanged risk factors could still pose potential threats to the company’s financial health. It is crucial for investors to regularly review these risks to make informed decisions regarding their investments in Dover Corporation.

Dover Corporation Reports Strong Q3 2025 Results

Dover Corporation is a diversified global manufacturer that provides innovative equipment, components, consumable supplies, aftermarket parts, software, digital solutions, and support services across five operating segments, including Engineered Products and Clean Energy & Fueling. Headquartered in Downers Grove, Illinois, Dover is recognized for its entrepreneurial approach and operational agility.

Dover Corp’s Earnings Call: Strong Growth Amid Challenges

Dover Corporation’s recent earnings call painted a largely positive picture, underscored by strong revenue growth and margin improvements. Despite facing challenges in specific segments like Engineered Products and Climate & Sustainability Technologies, the overall sentiment was optimistic, with the positives of revenue growth, margin improvements, and adjusted EPS increases outweighing the negatives.

Dover Reports Q3 Revenue Growth Amid Earnings Dip

Dover reported its financial results for the third quarter ended September 30, 2025, showing a 5% increase in revenue to $2.1 billion, despite a 3% decrease in GAAP earnings from continuing operations. The company highlighted strong performance in short cycle components and secular-growth end markets, as well as successful acquisitions, which offset challenges in the vehicle aftermarket and refrigerated door cases sectors. Dover’s strategic initiatives, including capital deployment and operational efficiencies, are expected to drive future growth, with an increase in full-year adjusted EPS guidance.

The most recent analyst rating on (DOV) stock is a Buy with a $225.00 price target. To see the full list of analyst forecasts on Dover stock, see the DOV Stock Forecast page.