Dover Corporation
NYSE: DOV
Stock price
198.6 USD
(+17.37%) 5 years
Financial Performance
5Y price score: 25
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 292.3%
%
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170.0
52-week range
237.5
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
4.4 %
Dividend Yield TTM
1 %
Market cap $
$ 26,747
Price / Earnings TTM
23.2
Price / Book TTM
3.5
PEG TTM
(0.4)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
19.7 %
23.4 %
292.3 %
Free cash flow per share growth
6.1 %
25.4 %
89.3 %
Earnings per share growth
12.8 %
68.5 %
45.1 %
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Oct 22, 2026)
1) Strong Financial Performance and Growth
- Organic growth accelerated to 7%, driven by secular growth markets.
- Bookings increased by 16% YoY, with all five segments contributing to growth.
- Adjusted EPS rose to $2.88, reflecting a 10% increase.
- Backlog increased by 35% YoY, with 50% of it expected to ship in 2027.
- Full-year guidance narrowed to 5%-6% organic growth and adjusted EPS of $10.60 to $10.75.
2) Segment Performance Highlights
- Engineered Products: Down 2% organically; strong aerospace demand offset by lower European vehicle service volumes.
- Clean Energy and Fueling: Grew 12% organically, with strong demand for cryogenic components.
- Imaging and ID: Grew 2% organically, with margins expanding by 400 basis points to 33%.
- Pumps and Process Solutions: Grew 1% organically; margins expanded by 70 basis points to 34%.
- Climate and Sustainability Technologies: Accelerated to 18% organic growth; significant investments in capacity expansion planned.
3) Operational Challenges and Investments
- Experienced $40 million in costs due to production ramp-up and facility consolidation in food retail.
- Capacity constraints noted in several segments, particularly in cryogenic components and heat exchangers.
- Investments in greenfield expansions and acquisitions to enhance capacity and capabilities in high-growth markets.
- Ongoing efforts to optimize vehicle services and extract synergies from recent acquisitions.
4) Capital Allocation and Shareholder Returns
- Free cash flow reached $703 million year-to-date, representing 11% of revenue.
- Capital expenditures guidance increased to $200-$220 million for organic investments.
- Share repurchases totaled approximately $400 million year-to-date, with $330 million in Q3 alone.
- The company maintains a strong balance sheet with over $3 billion in available capital for future investments and shareholder returns.
5) Outlook and Market Confidence
- The company expressed confidence in its ability to meet growth targets for 2027, driven by strong order momentum and backlog visibility.
- Management indicated that while Q4 growth might slow slightly due to seasonal factors, there are no significant concerns about demand sustainability.
- Further details on margin expectations and operational efficiencies will be provided in the upcoming full-year guidance.
Bottom line: Dover's robust Q3 performance, characterized by strong bookings and organic growth, positions the company favorably for continued momentum into 2027, supported by strategic investments and a solid backlog. Shareholders can expect ongoing capital returns as the company navigates operational challenges and capitalizes on growth opportunities.
Annual Reports, Presentations And IR Contacts
Go to the websiteDover Corporation — Financial Overview, Stock Price, Market Cap
Dover Corporation is a company. Founded in 1955. As of October 23, 2026, the company's market capitalization is $26747448000 with a current stock price of $198.60.
