Dover Corporation (DOV) AI Stock Analysis

Dover Corporation provides equipment, components, consumables, and digital solutions across various global industries. Its offerings span aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing. Dover's Engineered Products segment supplies equipment, components, software, and services for these sectors. Its Clean Energy & Fueling division enables the safe transport of traditional and clean fuels, while also supporting convenience retail, retail fueling, and vehicle wash establishments. Other operating units include Imaging and Identification, Pumps and Process Solutions, and Climate & Sustainability Technologies, which serve consumer goods, pharmaceuticals, manufacturing, and residential climate control markets.

Over the past five fiscal years, Dover's revenue grew at a 3.9% CAGR from FY2020 to FY2025. In FY2024, revenue fell 8.2% to $7.75B, though net income reached $2.70B with a 34.8% net margin. For FY2025, revenue rose 4.5% to $8.09B, gross margin improved to 39.8%, and operating margin increased to 17.0%, while net income stood at $1.09B and EPS reached $9.62. In the trailing twelve months ending June 30, 2026, revenue totaled $8.42B with a profit margin of 13.5%. In the latest quarter ended June 30, 2026, quarterly revenue grew 6.9% year-over-year, and quarterly earnings grew 14.1% year-over-year.

As of June 30, 2026, Dover held $1.76B in cash and short-term investments against $3.26B in total debt, resulting in net debt of $1.50B. The company maintains a current ratio of 1.98 and a debt-to-equity ratio of 0.42, with shareholders' equity of $7.70B. In FY2025, Dover generated operating cash flow of $1.34B and free cash flow of $1.12B. Capital expenditures were $220.3M, dividends paid totaled $283.0M, and share issuance was $540.7M, alongside a 5-year share count change of -6.8%.

At $195.80 per share, Dover Corporation has a market capitalization of $26.37B and an enterprise value of $26.96B. The stock trades at a trailing P/E of 23.7x and a forward P/E of 16.9x, both below the median of its S&P 500 Industrials peers at 28.5x and 20.7x, respectively. Dover's EV/EBITDA is 14.0x compared to the peer median of 17.7x, and its price-to-sales multiple is 3.1x versus the peer median of 3.3x. Over the past year, Dover gained 19.1%, outperforming the S&P 500 SPY return of 16.8%, but its 5-year return of 26.1% lagged the S&P 500 SPY return of 83.0%.

Dover Corporation pays an annual forward dividend of $2.10 per share, representing a dividend yield of 1.07% and a payout ratio of 20.5%. Dividends are distributed quarterly, and the company has paid dividends for 45 consecutive years. The annualized 5-year dividend growth rate is 1.0%, and the last ex-dividend date was August 31, 2026.

Wall Street coverage includes 14 Strong Buy, 4 Hold, and 1 Sell ratings. The mean price target is $238.21, which sits 21.7% above the last close of $195.80. For the fiscal year ending December 31, 2026, analysts estimate revenue of $8.68B and EPS of $10.66, reflecting 10.9% EPS growth. For the following fiscal year, 19 analysts project revenue of $9.12B and EPS of $11.64. Dover has exceeded EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 22, 2026.

This page is an AI-written research summary of Dover Corporation (DOV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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