Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. More Details
Solid track record established dividend payer.
Share Price & News
How has Dover's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DOV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: DOV's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: DOV underperformed the US Machinery industry which returned 90% over the past year.
Return vs Market: DOV exceeded the US Market which returned 55% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Dover's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCould The Dover Corporation (NYSE:DOV) Ownership Structure Tell Us Something Useful?
3 weeks ago | Simply Wall StShareholders Of Dover (NYSE:DOV) Must Be Happy With Their 202% Total Return
1 month ago | Simply Wall StHave Insiders Been Selling Dover Corporation (NYSE:DOV) Shares?
Is Dover undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DOV ($144.86) is trading above our estimate of fair value ($137.34)
Significantly Below Fair Value: DOV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DOV is good value based on its PE Ratio (30.5x) compared to the US Machinery industry average (35.8x).
PE vs Market: DOV is poor value based on its PE Ratio (30.5x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: DOV is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: DOV is overvalued based on its PB Ratio (6.2x) compared to the US Machinery industry average (3.3x).
How is Dover forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DOV's forecast earnings growth (9.8% per year) is above the savings rate (2%).
Earnings vs Market: DOV's earnings (9.8% per year) are forecast to grow slower than the US market (17.8% per year).
High Growth Earnings: DOV's earnings are forecast to grow, but not significantly.
Revenue vs Market: DOV's revenue (4.9% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: DOV's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DOV's Return on Equity is forecast to be high in 3 years time (26.4%)
How has Dover performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DOV has high quality earnings.
Growing Profit Margin: DOV's current net profit margins (10.2%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: DOV's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: DOV's earnings growth over the past year (0.7%) is below its 5-year average (5.3% per year).
Earnings vs Industry: DOV earnings growth over the past year (0.7%) exceeded the Machinery industry -13.3%.
Return on Equity
High ROE: DOV's Return on Equity (20.2%) is considered high.
How is Dover's financial position?
Financial Position Analysis
Short Term Liabilities: DOV's short term assets ($2.6B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: DOV's short term assets ($2.6B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: DOV's debt to equity ratio (91.8%) is considered high.
Reducing Debt: DOV's debt to equity ratio has increased from 75.7% to 91.8% over the past 5 years.
Debt Coverage: DOV's debt is well covered by operating cash flow (35.5%).
Interest Coverage: DOV's interest payments on its debt are well covered by EBIT (9.1x coverage).
What is Dover current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DOV's dividend (1.37%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: DOV's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: DOV's dividends per share have been stable in the past 10 years.
Growing Dividend: DOV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), DOV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DOV's dividends in 3 years are forecast to be well covered by earnings (28.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rich Tobin (59 yo)
Mr. Richard Joseph Tobin, also known as Rich, is President and Chief Executive Officer at Dover Corporation since May 01, 2018. Mr. Tobin was the Chief Executive Officer of CNH Industrial N.V. since Januar...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD11.98M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Rich's compensation has increased by more than 20% in the past year.
Experienced Management: DOV's management team is considered experienced (3.9 years average tenure).
Experienced Board: DOV's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DOV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dover Corporation's company bio, employee growth, exchange listings and data sources
- Name: Dover Corporation
- Ticker: DOV
- Exchange: NYSE
- Founded: 1947
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$20.839b
- Shares outstanding: 143.86m
- Website: https://www.dovercorporation.com
Number of Employees
- Dover Corporation
- 3005 Highland Parkway
- Downers Grove
- United States
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides afterma...
Company Analysis and Financial Data Status
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|Company Analysis||2021/04/22 01:24|
|End of Day Share Price||2021/04/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.