Dover Corporation logo

Dover Corporation(DOV)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$188.06
10/01/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DOV

10/01/2026: DOV (1-star) is currently NOT-A-BUY. Pass it for now.

Dover Corporation is a diversified global manufacturer focused on providing mission-critical equipment and specialized systems across various industrial markets. The company is known for its resilient financial profile, driven by a high mix of aftermarket revenue and a long-standing history of dividend growth. Its primary growth story revolves around capitalizing on digital transformation and sustainable energy transitions. However, investors should monitor risks such as its exposure to cyclical industrial capital expenditure cycles and the complexities of managing a diverse business portfolio. Overall, Dover may suit conservative, income-focused, and long-term value investors seeking exposure to established industrial infrastructure.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitDover offers moderate growth potential rather than high-octane capital appreciation.
Momentum investorMixed fitMomentum fit is conditional on a sustained uptrend in industrial capital spending.
Value investorStrong fitThe company's consistent cash flow and dividend history make it attractive for value-oriented portfolios.
Dividend investorStrong fitDover's status as a Dividend Aristocrat makes it a core holding for income-focused investors.
Low-risk investorStrong fitStable operations and long history of profitability provide a conservative profile.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumDover's stock price can fluctuate with broader industrial sector sentiment.
Valuation riskMediumThe stock can become fully valued during periods of industrial optimism.
Competition riskMediumGlobal competition in specialized industrial segments requires constant R&D investment.
Business qualityStrongDover possesses a high-quality portfolio of mission-critical assets with strong aftermarket revenue.
Dividend incomeLow / noneThe dividend record is extremely stable and dependable.
Execution riskMediumSuccessfully integrating acquisitions is crucial to long-term growth strategy.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -16.75%
Avg. Invested days 38
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/01/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DOV receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DOV has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 13.8%) and solid profitability (net margin 13.5%) are partially offset by negative earnings growth (-59.4%), moderate revenue growth (+4.5%), modest insider ownership of 1.26%.

Financial Health Rating

★★★★★
DOV's financial health is supported by strong cash strength, including free-cash-flow generation of $1.1B (13.8% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DOV's strongest growth driver at +92.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+4.5%, moderate) and earnings growth (-59.4%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 93.3% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.26% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

JPMorgan Chase & Co 10.85%
BlackRock Inc 7.77%
Vanguard Capital Management, LLC 6.54%
State Street Corp 4.91%
Vanguard Portfolio Management, LLC 4.82%

Unit Economics (Per $1K Revenue)

★★★★★
DOV generates approximately $398 of gross profit, $170 of operating income, and $138 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and solid cash conversion support a 3-star rating, while capital efficiency is moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 20.14%

Quantitative Style Profile

★★★★★
DOV has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 25.19B USD
Price to earnings Ratio 22.62
1Y Target Price 240.37
Price to earnings Ratio 22.62
1Y Target Price 240.37
Volume (30-day avg) 1.3M shares
Beta 1.15
52 Weeks Range 157.36 - 235.79
Updated Date 10/01/2026
52 Weeks Range 157.36 - 235.79
Updated Date 10/01/2026
Dividends yield (FY) 1.10%
Basic EPS (TTM) 8.27

How Company Makes Money

Business areaWhat it includesRetail investor read
Engineered ProductsIndustrial equipment and vehicle services.Steady business providing essential industrial tools.
Clean Energy & FuelingFueling infrastructure and clean energy solutions.Capitalizing on the global transition to efficient fueling.
GeographyGlobal operations with significant revenue from the US, Europe, and Asia.Broad global footprint reduces regional economic risk.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 22.62
Forward PE 16.89
Enterprise Value 26.96B
Price to Sales(TTM) 2.99
Enterprise Value 26.96B
Price to Sales(TTM) 2.99
Enterprise Value to Revenue 3.2
Enterprise Value to EBITDA 14.05
Shares Outstanding 134.68M
Shares Floating 133.71M
Shares Outstanding 134.68M
Shares Floating 133.71M
Percent Insiders 1.26
Percent Institutions 93.34

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Dover Corporation

Exchange NYSE
Headquarters Downers Grove, IL, United States
IPO Launch date 1985-07-01
President, CEO & Chairman of the Board Mr. Richard Joseph Tobin
Sector Industrials
Industry Specialty Industrial Machinery
Full time employees 24000
Full time employees 24000

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as consumable, software, and service to packaged and consumer goods, pharmaceutical, industrial manufacturing, textile, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's 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. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.