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Dover Corp DOV Stock Quote

Morningstar Rating
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NYSE: DOV

Morningstar‘s Stock Analysis DOV

Valuation
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Is it the right time to buy or sell?
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Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

No Material Changes to Our Long-Term View for Dover Following Third-Quarter Results

Joshua Aguilar Senior Analyst

Business Strategy and Outlook

| Joshua Aguilar |

We view Dover as a collection of moaty businesses in niche markets. Since his installation in 2018, CEO Richard Tobin has focused on cost-reduction efforts that are still bearing fruit as evidenced by the firm's ability to hold decremental margins to below 20% during the pandemic. We expect average incrementals of about 33% over the long term as sales recover and believe the firm can eventually hit nearly 23% segment operating margins and free cash flow margins of over 16%.

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Key Statistics DOV

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Company Profile DOV

Business Description

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

Contact
3005 Highland Parkway
Downers Grove, IL, 60515
Sector Industrials
Industry Specialty Industrial Machinery
Employees 25,000

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Large-cap strategies disappoint on the back of stock market volatility in late 2019.
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Dover's Rightsizing Plan Takes Shape

New CEO Rich Tobin unveiled plans to cut expenses by $100 million, but we're not making material changes to our fair value estimate as a result.
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Spin-Off Should Reveal Dover's Earning Power

With volatile Apergy on its own, Dover is leaner and more focused.
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Dover's Move Would Lessen Portfolio Cyclicality

The narrow-moat company is considering strategic alternatives for a collection of upstream businesses representing the best of its energy segment.
Barbara Noverini
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Challenges Continue for Dover

The narrow-moat conglomerate's industrial end-market mix remains challenging, and we wouldn’t be surprised to see ongoing volatility in shares over the near term.
Barbara Noverini
Quarter-End Insights

Our Outlook for Industrials Stocks

Industrial activity remains slow and steady, giving companies a chance to navigate the environment.
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Related News DOV

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FAQs for Dover Corp Stock

Yes. DOV has a forward dividend yield of 1.46%. See DOV’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

DOV’s market cap is 19.26 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

DOV’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

DOV’s price/sales is 2.39.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

DOV’s price/forward earnings is 15.31.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

DOV’s price/book is 4.86.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See DOV’s valuation ratios compared to the Market Index.

DOV’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare DOV’s historical performance against its industry peers and the overall market.