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Dover Corp

Dover Corp

DOV
$214.18USD↓-1.53%-3.33 today

MARKET CAP

28.8B

P/E (TTM)

21.7x

FWD P/E

19.1x

DAY RANGE

$213 – $219

52W RANGE

$159
$238

AI Summary

Stalk
Sell NowMedium

DOV remains in a Stage 4 decline with a clear lower‐high, lower‐low sequence and price trading below downward‐sloping 9/21 EMAs. The medium‐term bias stays bearish despite the Bearish Exhaustion pattern hinting at a potential bottoming bounce. Short‐term rallies into the EMA cluster have stalled, offering a sell‐side opportunity. We will look to execute near the 9/21 EMA resistance zone and target further downside continuation.

  • ↑Q1 revenue $2.2B up 10% YoY; bookings $2.5B up 24%.
  • ↑Adjusted EBITDA margin reached 24%, reflecting strong cost management.
  • ↓Weak profitability conversion and negative factor signals margin pressures.
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The case for & against

Bull & Bear analysis

Bullish

Dover Corporation (NYSE: DOV) is a leading global manufacturer specializing in innovative equipment and technical solutions across several industrial sectors, including clean energy, biopharma, and engineered products. The company operates through five key segments that cater to diverse markets, positioning itself strongly to capitalize on growth trends in clean energy and sustainability technologies. Dover's commitment to operational excellence and product innovation has enabled it to sustain robust demand amid various macroeconomic challenges.

Bull says

  • ↑Q1 revenue $2.2B up 10% YoY; bookings $2.5B up 24%.
  • ↑Adjusted EBITDA margin reached 24%, reflecting strong cost management.
  • ↑Free cash flow projected at 14–16% of revenue; capex $190–210M.
  • ↑Clean energy and biopharma platforms driving high-margin order growth.
  • ↑High earnings yield and 1.46% dividend yield support appeal.

Bear says

  • ↓Weak profitability conversion and negative factor signals margin pressures.
  • ↓High short interest and negative growth indicators reflect skepticism.
  • ↓Tariff uncertainties trimmed revenue guidance and risk order volume.
  • ↓Geopolitical volatility may disrupt supply chains and execution.
  • ↓Market saturation questions sustainability of strong booking momentum.

Investment themes with DOV

SPY↑ +0.09%

NVDA · AAPL · GOOGL
GS: Strong Pricing Power↑ +0.77%

Companies with strong ability to set prices

META · EA · PLTK

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026bullish

Transcript signals

Bull points

  • Our free cash flow in the quarter was $131 million or 6% of revenue, marking a $22 million increase when compared to the first quarter of last year.
  • Revenue grew double digits in the quarter, driven by continued strength and our secular growth exposed end markets, acquired company performance, and constructive demand conditions across the portfolio.
  • Bookings were a key highlight in the quarter. First quarter bookings totaled $2.5 billion, up 24% year over year. Book to Bill was healthy at 1.2 in the quarter, with each of the five segments well above 1, providing improved visibility and confidence in our forecast.

Bear points

  • as cash conversion on higher year-over-year earnings was partially offset by higher capital expenditures tied to growth and productivity investments.
  • Our full-year capital expenditure estimate remains at $190 to $210 million.
Read full transcript analysis ›