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DOV Dover

Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. It operates through the following segments: Engineered Systems, Fluids, and Refrigeration and Food Equipment. The Engineered Systems segment focuses on the design, manufacture, and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrial end markets. The Fluids segment focuses on the safe handling of critical fluids and gases the retail fueling, chemical, hygienic, and industrial end markets. The Refrigeration and Food Equipment segment provides innovative and energy-efficient equipment and systems serving the commercial refrigeration and food equipment end markets. The company was founded by George L. Ohrstrom in 1947 and is headquartered in Downers Grove, IL.

Company profile

Ticker
DOV
Exchange
CEO
Richard Tobin
Employees
Incorporated
Location
Fiscal year end
Former names
DOVER CORP
SEC CIK
IRS number
530257888

DOV stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Dover earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Mar 21 Tobin Richard J Common Stock Payment of exercise Dispose F No No 134.63 1,971 265.36K 273,186
15 Mar 21 Tobin Richard J Common Stock Payment of exercise Dispose F No No 134.63 2,267 305.21K 275,157
15 Mar 21 Tobin Richard J Common Stock Payment of exercise Dispose F No No 134.63 2,619 352.6K 277,424
15 Mar 21 Cerepak Brad M Common Stock Payment of exercise Dispose F No No 134.63 522 70.28K 62,122
15 Mar 21 Cerepak Brad M Common Stock Payment of exercise Dispose F No No 134.63 691 93.03K 62,644
15 Mar 21 Cerepak Brad M Common Stock Payment of exercise Dispose F No No 134.63 770 103.67K 63,335
15 Mar 21 Cabrera Ivonne M Common Stock Payment of exercise Dispose F No No 134.63 189 25.45K 20,902
15 Mar 21 Cabrera Ivonne M Common Stock Payment of exercise Dispose F No No 134.63 172 23.16K 21,091
15 Mar 21 Cabrera Ivonne M Common Stock Payment of exercise Dispose F No No 134.63 191 25.71K 21,263
15 Mar 21 Anthony K Kosinski Common Stock Payment of exercise Dispose F No No 134.63 41 5.52K 2,026

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 783 738 +6.1%
Opened positions 107 85 +25.9%
Closed positions 62 66 -6.1%
Increased positions 247 235 +5.1%
Reduced positions 284 269 +5.6%
13F shares
Current Prev Q Change
Total value 14.97B 12.76B +17.3%
Total shares 118.62M 117.76M +0.7%
Total puts 294.4K 333.6K -11.8%
Total calls 300.7K 352K -14.6%
Total put/call ratio 1.0 0.9 +3.3%
Largest owners
Shares Value Change
Vanguard 16.07M $2.03B -1.4%
JPM JPMorgan Chase & Co. 11.79M $1.49B +1.5%
BLK Blackrock 10.84M $1.37B -2.5%
STT State Street 7.22M $911.66M -2.6%
BAC Bank Of America 5.2M $656.92M -2.5%
Boston Partners 4.27M $538.79M -11.2%
BEN Franklin Resources 3.42M $431.76M +0.3%
WFC Wells Fargo & Co. 2.82M $355.65M +2.8%
Geode Capital Management 2.36M $297.65M -0.4%
Adage Capital Partners GP, L.L.C. 2.02M $255.03M +88.7%
Largest transactions
Shares Bought/sold Change
Adage Capital Partners GP, L.L.C. 2.02M +949.49K +88.7%
Norges Bank 922.52K +922.52K NEW
Citadel Advisors 774.85K -669.05K -46.3%
Boston Partners 4.27M -538.37K -11.2%
Millennium Management 145.91K -464.59K -76.1%
First Trust Advisors 486.9K +409.88K +532.1%
Nuveen Asset Management 1.62M -385.18K -19.2%
Robeco Institutional Asset Management B.V. 643.42K +358.72K +126.0%
BLK Blackrock 10.84M -273.3K -2.5%
MS Morgan Stanley 1.02M +270.84K +36.4%

Financial report summary

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Management Discussion
  • Engineered Products segment revenue for the year ended December 31, 2020 decreased $166.3 million, or 9.8% compared to the prior year, comprised of a broad-based organic revenue decline of 10.3%, partially offset by acquisition-related growth of 0.3% and a favorable foreign currency translation of 0.2%. Acquisition-related growth was driven by the acquisition of Soft-Pak. Customer pricing favorably impacted revenue by approximately 0.3% in 2020.
  • The organic revenue decline was primarily driven by the global economic downturn precipitated by the COVID-19 pandemic beginning late in the first quarter of 2020. The impact was broad-based across the segment, with the most significant impacts in the year experienced in our waste handling, industrial winch and hoist, industrial automation and fluid dispensing businesses. In waste handling, we experienced headwinds in new order activity as waste haulers and municipalities reduced capital budgets to preserve cash flow, and orders for compaction and recycling solutions remained below prior year levels. Demand for vehicle aftermarket equipment was also subdued due to reduced driving mileage and vehicle service demand. Headwinds from the COVID-19 pandemic were more significant in the first half of the year and persisted, to a lesser extent, into the second half of the year across our businesses. Despite theses headwinds, activity improved sequentially from the second quarter into the second half of the year in a number of businesses, most notably in our vehicle service, industrial automation, and fluid dispensing businesses, as government mandated restrictions eased and customer demand accelerated. Our aerospace & defense business demonstrated resilience despite the challenges of COVID-19, posting year over year revenue growth on the back of stable demand from long-term defense programs.
  • of 2020. We also remain confident that the fundamental long-term demand drivers across our end-markets remain constructive, and thus continue to believe in the long-term growth trajectory of the segment.
Content analysis
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