DOV
Dover Corporation

Dover CorporationDOV

Industrials · Specialty Industrial Machinery
186.54USD
+0.24%
Sep 23, 2026
DOV overview ready
Supplier of liquid-cooling connectors and heat exchangers for AI data centers
Dover is a diversified industrial component supplier whose CPC, SWEP, OPW Fluid Transfer Solutions and related businesses provide liquid-cooling connectors, compact heat exchangers, fluid-transfer hardware and selected physical-infrastructure products used in high-density AI data-center cooling deployments.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — component supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Cyclicality in industrial and automotive end markets.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 1

Conviction Level

NarrativeHeat9.5ThemeHeat9.3PriceAction3.4Valuation5.3CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$25.1B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+4.5%
FY2025 vs FY2024
Gross Margin
+39.6%
Trailing twelve months
Operating Margin
+16.9%
Trailing twelve months
Free Cash Flow Yield
+4.7%
Distance from 200DMA
-10.9%
Next Earnings
2026-10-22
P/E
22.1x
EV / EBITDA
14.7x
EV / Sales
3.2x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
Dover Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Dover is a diversified industrial component supplier whose CPC, SWEP, OPW Fluid Transfer Solutions and related businesses provide liquid-cooling connectors, compact heat exchangers, fluid-transfer hardware and selected physical-infrastructure products used in high-density AI data-center cooling deployments.
Opportunity
Moderate opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Cyclicality in industrial and automotive end markets.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with moderate fit.
Its data-center products address the same demand driver: AI rack-density growth is increasing liquid-cooling adoption and the need for reliable, serviceable coolant distribution.
Narrative HeatHot9.5 / 10
Theme HeatHot9.3 / 10
This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Industrials · Specialty Industrial Machinery
What they do

Dover Corporation designs, manufactures, and sells specialty industrial machinery, equipment, components, software, and related services globally across multiple end markets.

How it earns

Primarily transactional revenue from sales of equipment, components, consumables, aftermarket parts, and software solutions.

Products & services
Vehicle lifts and wheel service equipment
Industrial winches and hoists
Fluid dispensing systems
Vehicle diagnostics and collision repair software
Customers & end markets
Vehicle aftermarket
Aerospace and defense
Industrial manufacturing
Market position

Leader in specialty industrial machinery with diversified product offerings across multiple end markets.

Demand drivers
Medium cyclicality

Business is influenced by industrial and automotive cycles but supported by aftermarket and service revenues.

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