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Dover Corporation

NYSE: DOV

Stock price

198.6 USD

(+17.37%) 5 years

Industrial Machinery & Supplies & ComponentsIndustrial - Machinery

Financial Performance

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5Y price score: 25

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 292.3%

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170.0

52-week range

237.5

198.6

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Required return / cost of capital
%
FCFF terminal growth rate
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Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

4.4 %

Dividend Yield TTM

1 %

Market cap $

$ 26,747

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

23.2

Price / Book TTM

3.5

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(0.4)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

19.7 %

23.4 %

292.3 %

Free cash flow per share growth

6.1 %

25.4 %

89.3 %

Earnings per share growth

12.8 %

68.5 %

45.1 %

Founded: 1,955

Employees: 24,000

Business Summary:Dover Corporation operates as a global enterprise, supplying a wide array of industrial equipment, essential components, consumable products, replacement parts, software and digital platforms, and comprehensive support services. Its Engineered Products division delivers diverse machinery, parts, software, and solutions tailored for various industries, including automotive aftermarket service, waste management, industrial automation, aerospace and defense, heavy-duty winching and hoisting, and fluid dispensing. This segment also manufactures specific items such as manual and power clamps, rotary and linear mechanical indexers, conveyors, robotic pick-and-place units, glove ports, manipulators, and end-of-arm tooling like grippers, slides, and end effectors. The Clean Energy & Fueling segment focuses on providing components, equipment, software, and services crucial for the secure transportation of both traditional and sustainable fuels, along with other hazardous materials, throughout the supply chain. It further supports the operations of convenience retail outlets, fuel stations, and vehicle wash establishments. Through its Imaging and Identification segment, Dover offers solutions for precision marking and coding, intelligent packaging, product traceability, brand protection, and digital textile printing equipment. These offerings, along with associated consumables, software, and services, cater to markets like packaged and consumer goods, pharmaceuticals, industrial manufacturing, and fashion and apparel. The Pumps and Process Solutions segment is responsible for producing specialized pumps, connectors, flow meters, fluid connection systems, plastics and polymer processing machinery, and custom-engineered components for rotating and reciprocating equipment. Finally, the Climate & Sustainability Technologies segment manufactures advanced refrigeration systems, commercial refrigeration display cases, glass doors for refrigerators and freezers, and brazed plate heat exchangers, serving applications in industrial heating and cooling as well as residential climate control. Dover distributes its extensive product portfolio through both direct sales channels and a broad network of distributors. The company was founded in 1947 and maintains its headquarters in Downers Grove, Illinois.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 22, 2026)

1) Strong Financial Performance and Growth
- Organic growth accelerated to 7%, driven by secular growth markets.
- Bookings increased by 16% YoY, with all five segments contributing to growth.
- Adjusted EPS rose to $2.88, reflecting a 10% increase.
- Backlog increased by 35% YoY, with 50% of it expected to ship in 2027.
- Full-year guidance narrowed to 5%-6% organic growth and adjusted EPS of $10.60 to $10.75.

2) Segment Performance Highlights
- Engineered Products: Down 2% organically; strong aerospace demand offset by lower European vehicle service volumes.
- Clean Energy and Fueling: Grew 12% organically, with strong demand for cryogenic components.
- Imaging and ID: Grew 2% organically, with margins expanding by 400 basis points to 33%.
- Pumps and Process Solutions: Grew 1% organically; margins expanded by 70 basis points to 34%.
- Climate and Sustainability Technologies: Accelerated to 18% organic growth; significant investments in capacity expansion planned.

3) Operational Challenges and Investments
- Experienced $40 million in costs due to production ramp-up and facility consolidation in food retail.
- Capacity constraints noted in several segments, particularly in cryogenic components and heat exchangers.
- Investments in greenfield expansions and acquisitions to enhance capacity and capabilities in high-growth markets.
- Ongoing efforts to optimize vehicle services and extract synergies from recent acquisitions.

4) Capital Allocation and Shareholder Returns
- Free cash flow reached $703 million year-to-date, representing 11% of revenue.
- Capital expenditures guidance increased to $200-$220 million for organic investments.
- Share repurchases totaled approximately $400 million year-to-date, with $330 million in Q3 alone.
- The company maintains a strong balance sheet with over $3 billion in available capital for future investments and shareholder returns.

5) Outlook and Market Confidence
- The company expressed confidence in its ability to meet growth targets for 2027, driven by strong order momentum and backlog visibility.
- Management indicated that while Q4 growth might slow slightly due to seasonal factors, there are no significant concerns about demand sustainability.
- Further details on margin expectations and operational efficiencies will be provided in the upcoming full-year guidance.

Bottom line: Dover's robust Q3 performance, characterized by strong bookings and organic growth, positions the company favorably for continued momentum into 2027, supported by strategic investments and a solid backlog. Shareholders can expect ongoing capital returns as the company navigates operational challenges and capitalizes on growth opportunities.

Annual Reports, Presentations And IR Contacts

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Annual report links (10K)
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Dover Corporation — Financial Overview, Stock Price, Market Cap

Dover Corporation is a company. Founded in 1955. As of October 23, 2026, the company's market capitalization is $26747448000 with a current stock price of $198.60.