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With a market cap of $24.6 billion, Dover Corporation (DOV) is a diversified global manufacturer and solutions provider. The Downers Grove, Illinois-based company operates through Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies segments.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Dover fits this description perfectly. The company delivers innovative equipment, components, and specialty systems across a wide range of industries. It supports critical operations in industrial automation, retail fueling, and packaging.
Dover’s stock dropped 19.1% from its 52-week high of $222.31. Shares of DOV have declined marginally over the past three months, lagging behind the broader Dow Jones Industrials Average's ($DOWI) 2.5% increase.
On a YTD basis, DOV stock has dipped 4.2%, performing weaker than the DOWI’s marginal decrease. Moreover, shares of Dover have gained 1.4% over the past 52 weeks, notably underperforming the Dow Jones’ 10.2% rise over the same time frame.
The stock has remained below its 200-day moving average since March. However, the stock has been trading above its 50-day moving average since early May.
Shares of Dover rose 2% following the release of its mixed Q1 2025 results on Apr. 24. Adjusted EPS came in at $2.05, reflecting a strong 19.2% increase year-over-year and surpassing analysts’ estimates of $1.99. For fiscal 2025, Dover expects revenue growth between 2% and 4%, with adjusted EPS projected in the range of $9.20 to $9.40. However, the company reported revenue of $1.9 billion, down nearly 1% year-over-year, and below Wall Street expectations.
In contrast, rival Ingersoll Rand Inc. (IR) has lagged behind DOV's stock performance. IR stock has crumbled 9.8% on a YTD basis and 10.8% over the past 52 weeks.
Although the stock has underperformed relative to the Dow, analysts have a moderately optimistic outlook. With 15 analysts covering the stock, the consensus rating is “Moderate Buy,” and it is currently trading below the mean price target of $203.93.
