DOV · NYSE · Industrial - Machinery

Dover (DOV)

Builds specialized equipment for fuel handling, product coding, fluid processing, refrigeration, and vehicle service.

$187.08
vs last close+0.99 (+0.53%)
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Dover CorporationDOV
Industrials

Supplies specialized equipment, components, consumables, software, parts, and services across five industrial segments, from fuel handling and product coding to pumps, refrigeration, and vehicle service. A globally diversified customer base limits consolidated concentration, while results remain tied to industrial capital spending, input costs, trade policy, and acquisition integration.

Builds specialized industrial equipment, components, consumables, software, and aftermarket services across Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The portfolio spans vehicle-service and defense equipment; fuel handling and vehicle-wash systems; marking, coding, and traceability; pumps, connectors, and polymer-processing machinery; and commercial refrigeration, heat exchangers, and can-making equipment.

Combines operating-company accountability with a lean corporate center that allocates capital, shares sourcing and manufacturing practices, and adds complementary businesses to established platforms. Sales are global, with the United States contributing a little more than half and no customer representing a material consolidated concentration. Demand spans capital spending and shorter-cycle replacement, consumables, parts, and services; trade policy, input costs, currency movements, product regulation, and acquisition integration remain structural dependencies.

Company facts

CEORichard Joseph Tobin
ListedMar 17, 1980
ExchangeNYSE
HeadquartersDowners Grove, IL
CountryUnited States
Employees24,000
CIK0000029905
ISINUS2600031080

Market cap$25.06B
EPS (ttm)$8.28
P/E (ttm)22.47
ROE15.0%
P/B3.25
P/S2.98
Dividend yieldDiv yield1.12%
Beta0.90vs XLI 1.03

Price target$240.00+29.0%Average of 28 analysts
ConsensusBuy19 of 28 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 24, 2026RBC CapitalReiterate
Rating: Target: $252
Rating: Sector PerformTarget: $227
Jul 24, 2026Robert W. BairdTarget
Target: $279
Target: $270
Jul 24, 2026BMO CapitalUpgrade
Rating: Market PerformTarget: $250
Rating: OutperformTarget: $240
Jul 9, 2026Wolfe ResearchReiterate
Rating: Target: $227
Rating: OutperformTarget: $262
Jun 4, 2026Morgan StanleyReiterate
Rating: Target: $210
Rating: Equal WeightTarget: $230

Next report
Oct 22, 26
in 30 days
EPS estimate
$2.86
Revenue estimate
$2.21B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$2.20$2.05$2.44$2.62$2.51$2.28$2.74Pending
Estimate$2.20$1.98$2.39$2.51$2.49$2.27$2.72$2.86
Surprise0.0%+3.5%+2.1%+4.4%+0.8%+0.4%+0.7%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.93B$1.87B$2.05B$2.08B$2.10B$2.05B$2.19BPending
Estimate$1.95B$1.88B$2.04B$2.11B$2.09B$2.00B$2.21B$2.21B
Surprise−1.1%−0.5%+0.5%−1.5%+0.6%+2.5%−0.8%
Estimate$2.86
ReportedDue Oct 22, 2026
Estimate$2.21B
ReportedDue Oct 22, 2026
View details

Debt to equity42.30%
Current ratio197.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.98B$1.93B$1.87B$2.05B$2.08B$2.10B$2.05B$2.19B
Net income$347.1M$1.44B$230.8M$279.1M$302.0M$282.1M$238.4M$312.2M
Net margin17.5%74.4%12.4%13.6%14.5%13.4%11.6%14.3%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$333.6M$295.1M$296.3M$354.6M$377.2M$345.3M$305.9M$391.8M
YoY growth−0.9%−16.8%+16.6%+9.6%+13.0%+17.0%+3.2%+10.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.76B · Total debt $3.26B · Total assets $13.69B · Shareholders' equity $7.70B

Revenue
$2.19B
Operating income
$391.8M
Net income
$312.2M
View details

Dividend yield
1.12%
Next ex-date
Nov 30, 26
estimated · in 69 days
Annual dividend
$2.09
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.515$0.515$0.515$0.52$0.52$0.52$0.52$0.525
Annual yield1.00%1.03%1.16%1.15%1.12%0.92%0.98%1.07%
Ex-dateNov 29Feb 28May 30Aug 29Nov 28Feb 27May 29Aug 31
Payment dateDec 16Mar 14Jun 16Sep 15Dec 15Mar 13Jun 15Sep 15
View details

Institutions91.88%123.74M shares
1,191 holders · as of Jun 30, 2026
Insiders0.41%552.6K shares
16 holders · as of Aug 4, 2026
Other7.71%10.39M shares
remainder

134.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
JPMorgan Chase & CoInstitution
10.85%14.62Mas of Jun 30, 2026
BlackRock, Inc.Institution
7.77%10.47Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.54%8.80Mas of Jun 30, 2026
State Street CorpInstitution
4.91%6.62Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.82%6.50Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 19, 2026Richard J. Tobinofficer: Chairman, President & CEO−76,997$232.70
Feb 17, 2026Ivonne M. Cabreraofficer: SVP, General Counsel & Secr.−4,000$233.23
Feb 11, 2026Girish Junejaofficer: Senior VP & CDO−1,500$230.77
Dec 4, 2025Ivonne M. Cabreraofficer: SVP, General Counsel & Secr.−2,630$190.80
Nov 28, 2025Christopher B. Woenkerofficer: Senior VP & CFO−1,627$186.05
View details

  • Vontier

    Dominant peer in retail fueling, forecourt automation, and EV transition.

  • IDEX

    Dominant specialty pump and flow-control peer across industrial and biopharma.

  • Veralto

    Primary peer in industrial marking, coding, and product traceability systems.

  • Ingersoll Rand

    Cross-segment industrial peer in fueling components and specialty pumps.

  • Illinois Tool Works

    Diversified industrial peer, overlap in engineered products and refrigeration.

Compare

CompanyPriceChange
Dover$187.08+0.53%$25.06B22.516.63.0+6.9%
Vontier$31.50+0.82%$4.40B13.08.61.4−2.2%
IDEX$226.25+1.67%$16.40B32.024.84.6+6.4%
Veralto$95.82+0.67%$23.20B24.021.24.1+7.5%
Ingersoll Rand$73.43+1.55%$28.30B29.819.73.6+8.5%
Illinois Tool Works$268.72+0.45%$76.97B24.322.84.7+6.1%
Median24.321.24.1+6.4%