DOVER Corp (DOV)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$195.80
▲ +1.71 (0.88%)
Fair valueFair
$204 +4.2% to fair value
$102fair band $143–$265$306
Day's range
$194.04 – $197.48
52-week range
$161.67 – $235.79
About DOVER Corp
Dover is a diversified industrial manufacturer that makes equipment, components and software for a range of end markets. Its businesses include fuel dispensers and fueling systems, pumps and process equipment, refrigeration and heat exchange products, and marking and coding equipment for packaging, along with engineered products such as vehicle service equipment. It runs through operating segments each holding several businesses, and its customers include fuel retailers, food and beverage producers, industrial firms and supermarkets.
Revenue comes from the equipment it manufactures and from parts, aftermarket support and consumables. Sales were $8.4 billion over the last twelve months, up 1.0% a year over the last three years. The operating margin is 16.9%, and the business earns a profit of 11% on the capital invested in it. Net debt is 1.2 times EBITDA. A dividend is paid, with a yield of 1.1%. On the site's X-Ray Score it receives 49 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $161.67 – $235.79Volume 1,328,800Daily, split-adjusted
Vitals
Market cap$26.5B
52-week range$161.67 – $235.79
Volume (last day)1,328,800
P/E (TTM)23.6
EBIT / EV yield4.9%
Free-cash-flow yield–
Dividend yield1.1%
Revenue (TTM)$8.4B
Net income (TTM)$1.1B
Operating margin16.9%
Return on capital11.3%
Debt incl. leases$3.9B
Cash & securities$1.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$204model spread $196 – $212
Fair
+4.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $196
Undervalued < $143Fair $143 – $265Overvalued > $265
10-year DCF (market-scaled)
$166
Peer multiples
$223
Earnings power floor (not blended)
$75
Fundamentals-adjusted multiple
$224
Growth the price implies
14.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Fair
60/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.9%
Fair value vs price1.0×
Growth
Weak
37/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)1.0%
EPS growth (3y)2.3%
Growth consistency70%
Profitability
Fair
51/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital11.3%
Operating margin16.9%
Gross profitability24.3%
Financial health
Weak
47/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA1.2×
Interest cover12.5×
Dividends
Weak
40/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.1%
Dividend growth-0.5%
Quarterly results: last 6 quarters
-0.9%
Mar '25
+5.2%
Jun '25
+4.8%
Sep '25
+8.8%
Dec '25
+10.1%
Mar '26
+6.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.2B, diluted EPS $2.30.
Compare with peers
SNA Snap-on Inc67 PNR PENTAIR plc62 GWW W.W. Grainger, Inc.58 OTIS Otis Worldwide Corp57Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 8 Average · ● 3 BadCash quality
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $7.9B | $7.8B | $7.7B | $7.7B | $8.1B |
| Operating income | $1.3B | $1.3B | $1.2B | $1.2B | $1.4B |
| Net income | $1.1B | $1.1B | $1.1B | $2.7B | $1.1B |
| Operating cash flow | $1.1B | $806M | $1.3B | – | – |
| Operating margin | 16.2% | 16.3% | 15.9% | 15.6% | 17.0% |
| Free cash flow | $944M | $595M | $1.2B | – | – |
| Diluted EPS | $7.74 | $7.42 | $7.52 | $19.45 | $7.94 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
8 bullish · 1 neutral · 7 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 191.6 | Bullish |
| EMA 10 | 192.2 | Bullish |
| SMA 20 | 190.2 | Bullish |
| EMA 20 | 191.5 | Bullish |
| SMA 50 | 194.7 | Bullish |
| EMA 50 | 194.9 | Bullish |
| SMA 100 | 204.2 | Bearish |
| EMA 100 | 200.1 | Bearish |
| SMA 200 | 208.9 | Bearish |
| EMA 200 | 201.3 | Bearish |
Oscillators (daily)
| RSI (14) | 59.54 | Neutral |
| MACD (12, 26) | 0.02 | Bullish |
| Momentum (12) | 4.68 | Bullish |
| Stochastic %K (14) | 86.25 | Bearish |
| Williams %R (14) | -13.75 | Bearish |
| CCI (20) | 194.0 | Bearish |
Pivot points (classic, last session)
S3 190.6 | S2 192.3 | S1 194.1 | Pivot 195.8 | R1 197.5 | R2 199.2 | R3 200.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.09 USD
Yield on today's price
1.06%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 31 Aug 2026 | 0.5250 |
| 29 May 2026 | 0.5200 |
| 27 Feb 2026 | 0.5200 |
| 28 Nov 2025 | 0.5200 |
| 29 Aug 2025 | 0.5200 |
| 30 May 2025 | 0.5150 |
| 28 Feb 2025 | 0.5150 |
| 29 Nov 2024 | 0.5150 |
| 30 Aug 2024 | 0.5150 |
| 31 May 2024 | 0.5100 |
| 28 Feb 2024 | 0.5100 |
| 29 Nov 2023 | 0.5100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
DOV SEC filings
23 Jul 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
12 May 2026
8-KSEC EDGAR
Shareholder vote results
23 Apr 2026
10-QSEC EDGAR
Quarterly report
23 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8 Apr 2026
8-KSEC EDGAR
Entered a material agreement
24 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
13 Feb 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.