Dover (DOV)

• Market cap: $27.5B
• 1 day: -2.85%
• 5 days: -1.09%
• 1 month: 1.07%
• 3 months: -0.96%
• 6 months: 10.04%
• Year to date: 8.03%
• 1 year: 25.03%
• 5 years: 67.90%
• 10 years: 172.03%
• Sector: Industrials
• Industry: Construction, Mining & Materials Handling Machinery & Equipment

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 filings by fund managers ($100M+ AUM)

76% more call options, than puts

Call options by funds: $102M | Put options by funds: $57.6M

75% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 67

20% more repeat investments, than reductions

Existing positions increased: 353 | Existing positions reduced: 295

1% more funds holding

Funds holding: 973 [Q3] → 981 (+8) [Q4]

7.1% less ownership

Funds ownership: 91.22% [Q3] → 84.12% (-7.1%) [Q4]

10% less capital invested

Capital invested by funds: $24B [Q3] → $21.6B (-$2.38B) [Q4]

25% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $211 5% upside
• Avg. target: $219 9% upside
• High target: $230 15% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

UBS Amit Mehrotra 33% 1-year accuracy 4 / 12 met price target	5% upside $211	Neutral Maintained	31 Jan 2025
RBC Capital Deane Dray 47% 1-year accuracy 27 / 57 met price target	7% upside $214	Sector Perform Maintained	31 Jan 2025
JP Morgan Stephen Tusa 65% 1-year accuracy 20 / 31 met price target	15% upside $230	Overweight Maintained	31 Jan 2025
Oppenheimer Bryan Blair 52% 1-year accuracy 22 / 42 met price target	12% upside $225	Outperform Reiterated	31 Jan 2025
Wells Fargo Joseph O'Dea 50% 1-year accuracy 18 / 36 met price target	7% upside $215	Equal-Weight Maintained	31 Jan 2025