Headquartered in Downers Grove, Illinois, Dover Corporation is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. The company delivers innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets the company serves. Recognized for its entrepreneurial approach for over 60 years, its team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible.

Company profile
Ticker
DOV
Exchange
Website
CEO
Richard Tobin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DOVER CORP
SEC CIK
Corporate docs
Subsidiaries
Acme Cryo Intermediate Inc. • Acme Cryogenics, Inc. • Alfred Fueling Systems Inc. • Anman, LLC • Anthony Equity Holdings, Inc. • Anthony Holdings, Inc. • Anthony Mexico Holdings LLC • Anthony North Holdco, Inc. • Anthony Specialty Glass LLC • Anthony TemperBent GP LLC ...
IRS number
530257888
DOV stock data
News
Dover Increases Dividend From $0.50 To $0.505
4 Aug 22
4 High Dividend Yield Energy Stocks To Consider During The Market Downturn
1 Aug 22
Analysts Trim Dover's Price Target Post Q2 Results
22 Jul 22
Dover Earnings Perspective: Return On Invested Capital
22 Jul 22
Deutsche Bank Maintains Hold on Dover, Lowers Price Target to $132
22 Jul 22
Press releases
Inpro/Seal Introduces VBMag Bearing Isolator to Address Growing Need for Bearing Protection in Flooded and Mist Applications
10 Aug 22
Dover Increases Dividend
4 Aug 22
Metcal to Launch New Digital Handheld Convection Tool for Soldering and Reworking Applications
28 Jul 22
Dover Reports Second Quarter 2022 Results
21 Jul 22
Dover Fueling Solutions Launches New Clean Fuel Dispensers to the European Market
20 Jul 22
Analyst ratings and price targets
Current price
Average target
$140.67
Low target
$128.00
High target
$155.00
Deutsche Bank
Maintains
$132.00
Mizuho
Maintains
$155.00
Wells Fargo
Maintains
$134.00
Barclays
Maintains
$128.00
Goldman Sachs
Maintains
$146.00
Morgan Stanley
Maintains
$149.00
Investment data
Securities sold
Number of investors
Calendar
21 Jul 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 515.37M | 515.37M | 515.37M | 515.37M | 515.37M | 515.37M |
Cash burn (monthly) | (no burn) | 7.17M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 10.43M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 504.95M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 70.5 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Apr 22 | Malinas David J. | Common Stock | Buy | Acquire P | No | No | 139.44 | 350 | 48.8K | 2,744 |
15 Mar 22 | Tobin Richard J | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 2,046 | 310.71K | 181,626 |
15 Mar 22 | Tobin Richard J | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 1,972 | 299.47K | 183,672 |
15 Mar 22 | Tobin Richard J | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 2,267 | 344.27K | 185,644 |
15 Mar 22 | Anthony K Kosinski | Common Stock | Payment of exercise | Dispose F | No | No | 15186 | 37 | 561.88K | 2,926 |
15 Mar 22 | Anthony K Kosinski | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 38 | 5.77K | 2,963 |
15 Mar 22 | Anthony K Kosinski | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 50 | 7.59K | 3,001 |
15 Mar 22 | Kimberly K Bors | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 85 | 12.91K | 4,611 |
15 Mar 22 | Kimberly K Bors | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 82 | 12.45K | 4,696 |
15 Mar 22 | Paulson Ryan | Common Stock | Payment of exercise | Dispose F | No | No | 151.86 | 32 | 4.86K | 1,220 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 876 |
Opened positions | 73 |
Closed positions | 122 |
Increased positions | 305 |
Reduced positions | 305 |
13F shares | Current |
---|---|
Total value | 18.87B |
Total shares | 122.66M |
Total puts | 264.2K |
Total calls | 256.7K |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.9M | $2.65B |
JPM JPMorgan Chase & Co. | 12.04M | $1.89B |
BLK Blackrock | 10.76M | $1.69B |
STT State Street | 6.76M | $1.06B |
BAC Bank Of America | 4.87M | $764.16M |
Boston Partners | 4.3M | $675.29M |
BEN Franklin Resources | 3.43M | $537.82M |
MCQEF Macquarie | 3.25M | $510.43M |
Geode Capital Management | 2.73M | $427.48M |
WFC Wells Fargo & Co. | 2.63M | $411.89M |
Financial report summary
?Competition
Brother Industries • Ecolab • Weatherford International • Franklin Electric • Illinois Tool Works • LGL • Nordson • Paccar • SPX • Snap-onManagement Discussion
- Engineered Products segment revenue for the year ended December 31, 2021 increased $249.6 million, or 16.3% compared to the prior year, comprised of a broad-based organic revenue growth of 14.1%, a favorable foreign currency translation of 1.6%, and acquisition-related growth of 0.6%. Acquisition-related growth was driven by the acquisitions of Espy, CDS Visual, and Soft-Pak. Overall, customer pricing favorably impacted revenue by approximately 4.2% in 2021.
- The organic revenue growth was primarily driven by robust demand across all of our key end-markets, most notably in our vehicle service and industrial automation businesses, and strategic pricing initiatives that partially offset inflationary headwinds. Despite the strong organic growth and record high backlog levels, certain shipments in our waste handling and vehicle service groups were deferred to future quarters as a result of supply chain and labor availability constraints with the most significant impact in the fourth quarter of 2021. While we anticipate these headwinds to continue into 2022, we expect shipment volume in both businesses to improve as the year progresses.
- Engineered Products segment earnings for the year ended December 31, 2021 increased $47.3 million, or 19.9%, compared to the prior year. The increase was primarily driven by conversion on increased volumes, a $24.7 million gain resulting from the sale of our minority interest in RWB, benefits from right-sizing actions, and favorable impact from foreign currency translation, partially offset by higher material and logistics costs, most notably steel and ocean & air freight costs, as well as plant productivity shortfalls resulting from supply chain disruption and higher labor costs. Segment margin increased from 15.6% to 16.0% as compared to the prior year.
Content analysis
?Positive | ||
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Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
aimed, AMN, arose, CODM, constructive, Decision, deployed, dpi, ground, impracticable, incomplete, logistic, Maker, Malema, modest, month, NaN, organizational, pelletizing, reconcile, reversal, semiconductor, simplification, site, slated, stemming
Removed:
adding, analog, back, deal, exclude, expiration, focused, high, improvement, March, occurred, positioned, profitability, returned, rightsizing, slightly, transition, understand
Financial reports
Current reports
8-K
Dover Reports Second Quarter 2022 Results
21 Jul 22
8-K
Regulation FD Disclosure
30 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
9 May 22
8-K
Dover Reports First Quarter 2022 Results
21 Apr 22
8-K/A
Dover Reports Fourth Quarter and Full Year 2021 Results; Provides Full Year 2022 Guidance
27 Jan 22
8-K
Dover Reports Fourth Quarter and Full Year 2021 Results; Provides Full Year 2022 Guidance
27 Jan 22
8-K
Other Events
16 Dec 21
8-K
Departure of Directors or Certain Officers
10 Nov 21
8-K
Dover Reports Third Quarter 2021 Results; Raises Full Year Guidance
19 Oct 21
8-K
Departure of Directors or Certain Officers
11 Aug 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
11 May 21
S-8
Registration of securities for employees
11 May 21
S-3ASR
Automatic shelf registration
28 Feb 20
15-12B
Securities registration termination
13 Jan 20
25-NSE
Exchange delisting
4 Dec 19
8-A12B
Registration of securities on exchange
4 Nov 19
424B2
Prospectus for primary offering
30 Oct 19
424B2
Prospectus for primary offering
30 Oct 19
FWP
Free writing prospectus
28 Oct 19
FWP
Free writing prospectus
28 Oct 19
Proxies
DEFA14A
Additional proxy soliciting materials
17 Mar 22
DEFA14A
Additional proxy soliciting materials
18 Mar 21
PX14A6G
Letter to shareholders
7 May 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEF 14A
Definitive proxy
26 Mar 20
DEFA14A
Additional proxy soliciting materials
15 Apr 19
PX14A6G
Letter to shareholders
5 Apr 19
DEFA14A
Additional proxy soliciting materials
21 Mar 19
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
26 May 21
SD
Conflict minerals disclosure
29 May 20
CERT
Certification of approval for exchange listing
13 Nov 19
SD
Conflict minerals disclosure
30 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
15 Feb 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
18 Oct 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
19 Jul 18
SD
Conflict minerals disclosure
30 May 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
27 Apr 18
Ownership
11-K
Annual report of employee stock purchases
22 Jun 22
4
DOVER / David J. Malinas ownership change
26 Apr 22
4
DOVER / David J. Malinas ownership change
17 Mar 22
4
DOVER / James M Moran ownership change
17 Mar 22
4
DOVER / Girish Juneja ownership change
17 Mar 22
4
DOVER / Brad M Cerepak ownership change
17 Mar 22
4
DOVER / Ryan Paulson ownership change
17 Mar 22
4
DOVER / Ivonne M Cabrera ownership change
17 Mar 22
4
DOVER / KIMBERLY K BORS ownership change
17 Mar 22
4
DOVER / Richard J Tobin ownership change
17 Mar 22
Patents
Utility
Multiple Gas Tank Assembly with Individual Pressure Monitoring
11 Aug 22
This disclosure describes an assembly for gas (e.g., compressed natural gas) storage.
Utility
Fluid Couplings
11 Aug 22
This document describes fluid coupling devices for fluid systems and methods of using the fluid coupling devices.
Utility
Pack through eject panel
9 Aug 22
There is disclosed a waste collecting device having a container for receiving waste therein.
Utility
Automatic control of a refuse front end loader
9 Aug 22
An automatic control system for a refuse vehicle includes a mode select switch disposed within the vehicle that generates a mode select signal based on input from an operator of the vehicle, a control mechanism disposed within the vehicle that operates in response to the mode select signal, and a plurality of sensors adapted to sense a plurality of characteristics of the vehicle and adapted to communicate the plurality of sensed characteristics.
Utility
Hydraulic Cylinder Monitoring
4 Aug 22
A refuse collection vehicle has various hydraulic actuators including at least one cylinder with an internal seal.
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
27 Jan 22
2021 Q3
Earnings call transcript
19 Oct 21
2021 Q2
Earnings call transcript
20 Jul 21
2021 Q1
Earnings call transcript
20 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
Reddit threads
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8 Aug 22
My investment strategy: Put all of my money in VOO and wait 20 years!
31 Jul 22
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25 Jul 22
What kind of Dividend Stocks are missing in my portfolio? Im 20 years old and from switzerland. I dont plan to buy any etfs for this portfolio. Thanks in advance!
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21 Jul 22
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21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22
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10 Jul 22