Dover (DOV)

• Market cap: $23.4B
• 1 day: 0.25%
• 5 days: 6.67%
• 1 month: -2.86%
• 3 months: -16.93%
• 6 months: -11.58%
• Year to date: -8.07%
• 1 year: -4.82%
• 5 years: 82.22%
• 10 years: 125.37%
• Sector: Industrials
• Industry: Specialty Industrial Machinery

About: Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it designs and manufactures highly engineered components, such as vehicle repair, factory automation, welding, aerospace, fuel dispensing, printing, liquid handling, refrigeration, and can-making equipment. It has operations around the globe but generates over half of its revenue in the United States.

Employees: 24,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

104% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 67

76% more call options, than puts

Call options by funds: $101M | Put options by funds: $57.6M

18% more repeat investments, than reductions

Existing positions increased: 359 | Existing positions reduced: 305

5% more funds holding

Funds holding: 974 [Q3] → 1,026 (+52) [Q4]

0.83% more ownership

Funds ownership: 83.51% [Q3] → 84.34% (+0.83%) [Q4]

1% less capital invested

Capital invested by funds: $22B [Q3] → $21.7B (-$295M) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 6 (-2) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $185 8% upside
• Avg. target: $196 15% upside
• High target: $219 28% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Baird Michael Halloran 10% 1-year accuracy 3 / 30 met price target	28% upside $219	Outperform Maintained	25 Apr 2025
Barclays Julian Mitchell 36% 1-year accuracy 46 / 128 met price target	8% upside $185	Equal-Weight Maintained	24 Apr 2025
Citigroup Andrew Kaplowitz 36% 1-year accuracy 31 / 86 met price target	18% upside $201	Buy Maintained	14 Apr 2025
Morgan Stanley	8% upside $185	Equal-Weight Initiated	14 Apr 2025
JP Morgan Stephen Tusa 47% 1-year accuracy 16 / 34 met price target	11% upside $189	Overweight Maintained	8 Apr 2025