Dover Corporation is a diversified global manufacturer and solutions provider with annual revenues exceeding $8 billion. The company delivers innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Recognized for its entrepreneurial approach for over 65 years, Dover's team of over 25,000 employees collaborates with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under the symbol "DOV."
Dover's strategic focus encompasses a diversified portfolio across five key segments:
- Engineered Products: This segment delivers industry-leading equipment, components, and software serving the vehicle aftermarket, waste handling, industrial automation, and aerospace & defense end markets.
- Clean Energy & Fueling: Providing a comprehensive portfolio of safety and efficiency solutions for the convenience retail, fueling and clean energy, cryogenic gas, and vehicle wash markets.
- Imaging & Identification: Leading the design and manufacture of equipment, consumables, and software, in addition to providing support services for the marking & coding, product traceability and authentication, and digital textile printing markets.
- Pumps & Process Solutions: Supplying performance-critical components and solutions for the safe handling of fluids across the chemical, bioproduction, hygienic, energy, and diversified industrial markets.
- Climate & Sustainability Technologies: Developing and supplying innovative and energy-efficient equipment and systems serving the commercial refrigeration, heating & cooling, and beverage packaging equipment markets.
Dover reported revenues of $8.4 billion in 2023, reflecting a 4% annualized organic growth over the five years ending December 31, 2023. The adjusted earnings per share (EPS) for 2023 stood at $8.80, marking a 12% annualized growth over the same period. The company generated $1.1 billion in free cash flow in 2023, representing 14% of revenue. Additionally, Dover has a strong history of dividend growth, with $2.03 per share in 2023, marking 68 consecutive years of dividend increases.
Dover's technological platforms and innovations are integral to its market leadership. The company invests in digital technologies and the Internet of Things (IoT), enhancing product effectiveness and fueling commercial growth through advancements in digitization, machine learning, artificial intelligence, and digital commerce capabilities.
The leadership team is headed by Richard J. Tobin, who serves as Chairman of the Board, President, and Chief Executive Officer. Under his leadership, Dover continues to focus on strategic growth and operational excellence.
Dover operates in a competitive landscape with several key players:
- Crane Company: A manufacturer of engineered components.
- Ingersoll Rand: Operates in industrial and precision and science technologies.
- Moog: Designs and manufactures precision motion control systems.
- PACCAR: Designs, manufactures, and distributes commercial trucks.
- Hubbell: A manufacturer of utility and electrical products.
Dover's strategic collaborations and partnerships enhance its market position and innovation capacity. The company's decentralized management structure allows its operating companies to function independently, fostering agility and responsiveness to market demands.
Dover's strategic roadmap focuses on leveraging its diversified portfolio to capitalize on emerging market opportunities, particularly in clean energy and digital solutions. The company's commitment to innovation and operational excellence positions it to achieve future objectives and sustain growth.
Stock market information for Dover Corp. (DOV)
- Dover Corp. is a equity in the USA market.
- The price is 188.63 USD currently with a change of 0.50 USD (0.00%) from the previous close.
- The latest open price was 188.88 USD and the intraday volume is 488787.
- The intraday high is 189.36 USD and the intraday low is 187.66 USD.
- The latest trade time is Thursday, July 3, 21:19:00 UTC.
