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With a market cap of $25.6 billion, Dover Corporation (DOV) provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. Headquartered in Downers Grove, Illinois, the company operates through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies.
Shares of the company have underperformed the broader market over the past year and in 2025. DOV stock has grown 1.3% over the past 52 weeks and declined marginally on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 12.5% over the past year and 1.4% in 2025.
Narrowing the focus, DOV has also struggled to keep pace with the Industrial Select Sector SPDR Fund’s (XLI) 15.1% uptick over the past 52 weeks and its 9.5% surge this year.
DOV shares surged 2% following the release of its Q1 earnings on Apr. 24. The company reported a revenue of $1.9 billion, flat year-over-year and missing the analyst estimates marginally. Moreover, its operating margin came in at $15.9%, compared to 13.5% in the same quarter last year. DOV’s adjusted EPS amounted to $2.05 and beat the consensus estimates by 3%.
For the current year, ending in December, analysts expect DOV’s EPS to increase 12.8% year over year to $9.35. The company’s earnings surprise history is impressive. It surpassed the consensus estimate in each of the last four quarters.
DOV stock has a consensus “Moderate Buy” rating. Out of 15 analysts covering the stock, nine rate it as a "Strong Buy" and six recommend a “Hold.”
The configuration has remained unchanged in recent months.
On May 16, JPMorgan Chase & Co. (JPM) analyst Stephen Tusa maintained an “Overweight” rating on Dover stock and raised the price target from $190 to $211.
DOV’s mean price target of $199.20 indicates a premium of 6.9% from the current market prices. Its Street-high target of $230 suggests an impressive 23.4% upside potential from current price levels.
