Dover Corporation (DOV)

In the past six months, Dover's stock price has seen some fluctuations and notable events. As of June 13, 2025, the share price was $176.54, representing a decline of 1.50% from June 17, 2024. On June 26, 2025, Dover's stock closed at $183.90, continuing a steady upward trend for that week. Wealth Enhancement Advisory Services LLC reduced its Dover stake by over 33,000 shares. Dover reported quarterly earnings of $2.05 per share, surpassing expectations, despite a slight revenue dip. Analysts have raised Dover's price targets amid strong market performance. Dover's broad product range and recent portfolio reshaping have positioned the company to weather sector downturns. The company has a solid balance sheet and a focus on high-growth markets like clean energy, with analysts projecting an average price target of $195. Dover completed the acquisition of SIKORA AG in June 2025, which is expected to enhance growth and reduce business complexity. Dover declared a regular quarterly cash dividend on May 2, 2025. In April 2025, Dover reported its first-quarter 2025 results.

While specific detailed information on demand seasonality for all of Dover's products and services is not extensively covered, some insights can be gathered. Dover's portfolio is diversified across various end markets, many of which are believed to have secular growth tailwinds. There is a potential increase in demand in the fourth quarter for the climate and pumps segments. The biopharma business did not see an anticipated recovery in 2023. Engineered products' book-to-bill grew to over 1.1 despite declining organic revenue growth, suggesting a strong setup for the future. The company's businesses are positioned to capitalize on growing industrial manufacturing and trade volumes, increased global focus on digitization and automation, increasing requirements for sustainability, safety, energy efficiency, and consumer product safety, and growth of the middle class in emerging economies. The Climate & Sustainability Technologies segment performed well in 2023, with capacity additions coming online to accommodate future product demand. Demand for fluid management solutions from CPC has been growing substantially due to rapidly expanding markets. Q1 is typically Dover's lowest cash flow quarter.

Dover Corporation is an American diversified global manufacturer and solutions provider, founded in 1955 and headquartered in Downers Grove, Illinois. The company operates across various industrial sectors and is a constituent of the S&P 500 index, trading on the New York Stock Exchange under the ticker symbol DOV. In 2024, Dover reported $7.7 billion in revenue and was ranked 448 in the Fortune 500. Dover's business is divided into five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.

Dover Corporation has a significant global presence, operating in over 40 countries and employing approximately 26,000 people worldwide. The company generates about 55% of its revenue in the United States, with Europe contributing approximately 20%, Asia around 10%, other countries in the Americas about 10%, and other international countries around 5%. Dover sells directly to customers and through a network of distributors and original equipment manufacturers. One of its operating companies, CPC (Colder Products Company), has operations in the United States, Germany, and China, with sales offices in 14 countries and nearly 200 distributor partners globally.

Dover Corporation has a strong brand reputation built on providing highly technical, engineered solutions. The company's portfolio includes well-regarded brands in niche markets that benefit from sizable installed bases, leading to highly recurring revenue. Dover has been recognized for its entrepreneurial approach for over 70 years. The company has consistently increased dividends for 69 consecutive years and made strategic acquisitions and divestitures aimed at increasing exposure to high-growth end markets and streamlining operations. Dover continues to invest in research and development and focuses on sustainability, with segments like Clean Energy & Fueling and Climate & Sustainability Technologies providing solutions for alternative fuels, waste heat recovery, and energy-efficient equipment. The company also has positive financial performance, including strong EBITDA margins and efficient use of capital.

Dover Corporation's ownership is distributed among institutional investors, retail investors, and company insiders. Institutional investors hold the largest share, at 85.81%, which includes mutual funds, pension funds, and hedge funds. Retail investors account for 13.29% of ownership, while insiders (officers and directors) own 0.90%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co., among others.