Dover
Builds specialized equipment for fuel handling, product coding, fluid processing, refrigeration, and vehicle service.
Something off on this page? Send us feedback.
Profile
Supplies specialized equipment, components, consumables, software, parts, and services across five industrial segments, from fuel handling and product coding to pumps, refrigeration, and vehicle service. A globally diversified customer base limits consolidated concentration, while results remain tied to industrial capital spending, input costs, trade policy, and acquisition integration.
Builds specialized industrial equipment, components, consumables, software, and aftermarket services across Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The portfolio spans vehicle-service and defense equipment; fuel handling and vehicle-wash systems; marking, coding, and traceability; pumps, connectors, and polymer-processing machinery; and commercial refrigeration, heat exchangers, and can-making equipment.
Combines operating-company accountability with a lean corporate center that allocates capital, shares sourcing and manufacturing practices, and adds complementary businesses to established platforms. Sales are global, with the United States contributing a little more than half and no customer representing a material consolidated concentration. Demand spans capital spending and shorter-cycle replacement, consumables, parts, and services; trade policy, input costs, currency movements, product regulation, and acquisition integration remain structural dependencies.
Company facts
Key statistics
Year to date +1.5% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | RBC Capital | Reiterate | Sector Perform | $252 | $227 | |
| Jul 24, 2026 | Robert W. Baird | Target | $279 | $270 | ||
| Jul 24, 2026 | BMO Capital | Upgrade | Market Perform | Outperform | $250 | $240 |
| Jul 9, 2026 | Wolfe Research | Reiterate | Outperform | $227 | $262 | |
| Jun 4, 2026 | Morgan Stanley | Reiterate | Equal Weight | $210 | $230 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $2.72 | $2.74 | +0.7% | $2.21B | $2.19B | −0.8% | +2.22% |
| Apr 23, 2026Q1 FY26 | $2.27 | $2.28 | +0.4% | $2.00B | $2.05B | +2.5% | −1.48% |
| Jan 29, 2026Q4 FY25 | $2.49 | $2.51 | +0.8% | $2.09B | $2.10B | +0.6% | −0.51% |
| Oct 23, 2025Q3 FY25 | $2.51 | $2.62 | +4.4% | $2.11B | $2.08B | −1.5% | −2.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.05B | $2.08B | $2.10B | $2.05B | $2.19B | |
| Gross profit | $745.5M | $818.3M | $833.6M | $820.8M | $798.1M | $880.6M | |
| Operating income | $296.3M | $354.6M | $377.2M | $345.3M | $305.9M | $391.8M | |
| Net income | $230.8M | $279.1M | $302.0M | $282.1M | $238.4M | $312.2M | |
| Diluted EPS | $1.67 | $2.02 | $2.19 | $2.04 | $1.75 | $2.30 | |
| Gross margin | 40.0% | 39.9% | 40.1% | 39.1% | 38.9% | 40.2% | |
| Operating margin | 15.9% | 17.3% | 18.2% | 16.5% | 14.9% | 17.9% |
Fiscal years (4-quarter sums)FY21 $7.91B · FY22 $8.51B · FY23 $8.24B · FY24 $7.75B · FY25 $8.09B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.76B · Total debt $3.26B · Total assets $13.69B · Shareholders' equity $7.70B
Dividends
Raised for 43 straight years — most recently to $0.52 from $0.515 in Aug 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $0.52 | |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.52 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.52 | |
| Aug 29, 2025 | Aug 29 | Sep 15 | $0.52 | raised from $0.515 |
| May 30, 2025 | May 30 | Jun 16 | $0.515 | |
| Feb 28, 2025 | Feb 28 | Mar 14 | $0.515 | |
| Nov 29, 2024 | Nov 29 | Dec 16 | $0.515 | |
| Aug 30, 2024 | Aug 30 | Sep 16 | $0.515 | raised from $0.51 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 134.68M · Float 133.93M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| JPMorgan Chase & Co | 14.62M | 10.85% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 10.47M | 7.77% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 8.80M | 6.54% | 13F | Aug 13, 2026 |
| State Street Corp | 6.62M | 4.91% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.50M | 4.82% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 19, 2026 | Richard J. Tobin | officer: Chairman, President & CEO | −76,997 | $232.70 |
| Feb 17, 2026 | Ivonne M. Cabrera | officer: SVP, General Counsel & Secr. | −4,000 | $233.23 |
| Feb 11, 2026 | Girish Juneja | officer: Senior VP & CDO | −1,500 | $230.77 |
| Dec 4, 2025 | Ivonne M. Cabrera | officer: SVP, General Counsel & Secr. | −2,630 | $190.80 |
| Nov 28, 2025 | Christopher B. Woenker | officer: Senior VP & CFO | −1,627 | $186.05 |
Peers
- Vontier
Dominant peer in retail fueling, forecourt automation, and EV transition.
- IDEX
Dominant specialty pump and flow-control peer across industrial and biopharma.
- Veralto
Primary peer in industrial marking, coding, and product traceability systems.
- Ingersoll Rand
Cross-segment industrial peer in fueling components and specialty pumps.
- Illinois Tool Works
Diversified industrial peer, overlap in engineered products and refrigeration.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dover | $199.49 | +0.43% | $26.76B | 24.0 | 17.6 | 3.2 | +6.9% |
| Vontier | $32.76 | −0.03% | $4.61B | 13.6 | 9.0 | 1.5 | −2.2% |
| IDEX | $230.28 | +0.05% | $16.98B | 33.1 | 25.2 | 4.7 | +6.4% |
| Veralto | $97.11 | −1.38% | $24.03B | 24.9 | 21.8 | 4.2 | +7.5% |
| Ingersoll Rand | $78.58 | +0.01% | $30.75B | 32.3 | 21.5 | 3.9 | +8.5% |
| Illinois Tool Works | $279.80 | −0.11% | $80.58B | 25.4 | 23.8 | 4.9 | +6.1% |
| Median | 25.4 | 21.8 | 4.2 | +6.4% |