DOV Stock - Dover Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $7.75B | $7.68B | $7.84B | $7.91B | $6.68B |
| Gross Profit | $2.96B | $2.87B | $2.90B | $2.97B | $2.47B |
| Gross Margin | 38.2% | 37.3% | 37.0% | 37.6% | 37.0% |
| Operating Income | $1.21B | $1.22B | $1.28B | $1.28B | $932.99M |
| Net Income | $2.70B | $1.06B | $1.07B | $1.12B | $683.45M |
| Net Margin | 34.8% | 13.8% | 13.6% | 14.2% | 10.2% |
| EPS | $19.58 | $7.56 | $7.47 | $7.81 | $4.74 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 14th 2025 | Morgan Stanley | Initiation | Equal Weight | $185 |
| November 13th 2024 | UBS | Initiation | Neutral | $217 |
| October 28th 2024 | Wolfe Research | Upgrade | Outperform | $227 |
| February 5th 2024 | Seaport Research Partners | Upgrade | Buy | $190 |
| December 13th 2022 | Credit Suisse | Initiation | Outperform | $171 |
| April 8th 2022 | Barclays | Downgrade | Equal Weight | $160← $190 |
Earnings History & Surprises
DOVEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $2.48 | — | — | — |
Q4 2025 | Oct 23, 2025 | $2.50 | $2.62 | +4.8% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $2.39 | $2.44 | +2.1% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $1.98 | $2.05 | +3.5% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $2.20 | $2.20 | 0.0% | = MET |
Q4 2024 | Oct 24, 2024 | $2.30 | $2.27 | -1.3% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $2.21 | $2.36 | +6.8% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $1.87 | $1.95 | +4.3% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $2.42 | $2.45 | +1.2% | ✓ BEAT |
Q4 2023 | Oct 24, 2023 | $2.32 | $2.35 | +1.3% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $2.20 | $2.05 | -6.8% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $1.92 | $1.94 | +1.0% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $2.15 | $2.16 | +0.5% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $2.18 | $2.26 | +3.7% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $2.07 | $2.14 | +3.4% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $1.83 | $1.90 | +3.8% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $1.67 | $1.78 | +6.6% | ✓ BEAT |
Q4 2021 | Oct 19, 2021 | $1.85 | $1.98 | +7.0% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $1.84 | $2.06 | +12.0% | ✓ BEAT |
Latest News
Wells Fargo Maintains Equal-Weight on Dover, Raises Price Target to $200
📈 PositiveShares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveOppenheimer Maintains Outperform on Dover, Raises Price Target to $228
📈 PositiveDover To Repurchase $500M Of Common Stock
📈 PositiveMorgan Stanley Maintains Equal-Weight on Dover, Raises Price Target to $195
📈 PositiveDover shares are trading higher after the company raised its FY2025 adjusted EPS guidance above estimates.
📈 PositiveDover Raises FY2025 Adj EPS Guidance from $9.35-$9.55 to $9.50-$9.60 vs $9.47 Est; Sees Sales $8.056B-$8.211B vs $8.107B Est
📈 PositiveDover Narrows FY2025 GAAP EPS Guidance from $8.00-$8.20 to $8.06-$8.16 vs $8.09 Est
➖ NeutralDover Q3 Adj. EPS $2.62 Beats $2.51 Estimate, Sales $2.078B Miss $2.111B Estimate
➖ NeutralOppenheimer Maintains Outperform on Dover, Lowers Price Target to $220
➖ NeutralJP Morgan Maintains Overweight on Dover, Raises Price Target to $220
📈 PositiveWells Fargo Maintains Equal-Weight on Dover, Lowers Price Target to $180
➖ NeutralDover Fueling Solutions To Collaborate With Ardova PLC To Bring Automation To Fuel Retail Sites Across Nigeria, Marking The Largest Project Of Its Kind In The Region
📈 PositiveFrequently Asked Questions about DOV
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