Dover (DOV)

• Market cap: $26.8B
• 1 day: 0.31%
• 5 days: 6.23%
• 1 month: -0.74%
• 3 months: 0.10%
• 6 months: 2.78%
• Year to date: 5.09%
• 1 year: 35.06%
• 5 years: 63.21%
• 10 years: 178.17%
• Sector: Industrials
• Industry: Construction, Mining & Materials Handling Machinery & Equipment

About: Dover Corp., founded in 1955 by George Ohrstrom, has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company organizes itself 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 within the United States.

Employees: 25,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

118% more call options, than puts

Call options by funds: $120M | Put options by funds: $54.9M

73% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 59

14% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]

3% more funds holding

Funds holding: 942 [Q2] → 972 (+30) [Q3]

3% more repeat investments, than reductions

Existing positions increased: 336 | Existing positions reduced: 327

2% more capital invested

Capital invested by funds: $23.4B [Q2] → $24B (+$575M) [Q3]

3.34% less ownership

Funds ownership: 94.55% [Q2] → 91.22% (-3.34%) [Q3]

Research analyst outlook

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

• Low target: $200 3% upside
• Avg. target: $215 10% upside
• High target: $227 16% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

JP Morgan Stephen Tusa 73% 1-year accuracy 22 / 30 met price target	7% upside $208	Overweight Maintained	15 Jan 2025
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target	14% upside $222	Buy Maintained	13 Jan 2025
Wells Fargo Joseph O'Dea 68% 1-year accuracy 21 / 31 met price target	3% upside $200	Equal-Weight Maintained	7 Jan 2025
Goldman Sachs Joe Ritchie 63% 1-year accuracy 17 / 27 met price target	14% upside $223	Buy Maintained	12 Dec 2024
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target	5% upside $205	Equal-Weight Maintained	5 Dec 2024