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Dover (DOV)

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
CEO
Richard Tobin
Employees
Incorporated
Location
Fiscal year end
Former names
DOVER CORP
SEC CIK
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

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

21 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 876 925 -5.3%
Opened positions 73 148 -50.7%
Closed positions 122 71 +71.8%
Increased positions 305 277 +10.1%
Reduced positions 305 290 +5.2%
13F shares Current Prev Q Change
Total value 18.87B 21.75B -13.2%
Total shares 122.66M 120.32M +1.9%
Total puts 264.2K 292.7K -9.7%
Total calls 256.7K 321.13K -20.1%
Total put/call ratio 1.0 0.9 +12.9%
Largest owners Shares Value Change
Vanguard 16.9M $2.65B +1.3%
JPM JPMorgan Chase & Co. 12.04M $1.89B +6.5%
BLK Blackrock 10.76M $1.69B +0.5%
STT State Street 6.76M $1.06B -3.3%
BAC Bank Of America 4.87M $764.16M -4.1%
Boston Partners 4.3M $675.29M +1.1%
BEN Franklin Resources 3.43M $537.82M +6.7%
MCQEF Macquarie 3.25M $510.43M +0.4%
Geode Capital Management 2.73M $427.48M +2.8%
WFC Wells Fargo & Co. 2.63M $411.89M +4.3%
Largest transactions Shares Bought/sold Change
CFS Investment Advisory Services 2.37M +2.35M +15507.3%
Norges Bank 0 -1.37M EXIT
JPM JPMorgan Chase & Co. 12.04M +731.96K +6.5%
Ceredex Value Advisors 533.91K +533.91K NEW
Castleview Partners 0 -523.29K EXIT
TROW T. Rowe Price 621.1K +410.53K +195.0%
Nuveen Asset Management 1.96M +343.58K +21.2%
Assetmark 5.25K -307.48K -98.3%
Panagora Asset Management 13.15K -269.59K -95.3%
STT State Street 6.76M -228.95K -3.3%

Financial report summary

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Management 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

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Positive
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