- The spin-off of the company’s upstream oil and gas business as publicly traded Apergy.
- The naming of Richard Tobin as CEO, effective May 1.
- The October 2017 disclosure that Daniel Loeb’s Third Point hedge fund has taken a stake in the company.
We have increased our fair value estimate for Dover to $86 per share from $81. However, we retain our narrow economic moat, Standard stewardship, and medium fair value uncertainty ratings. The shares currently trade at an 8% discount to our intrinsic value.
Joshua Aguilar does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.