DOVER Corp
DOV · Construction, Mining & Materials Handling Machinery & Equip · 134.7M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Reference price $232.70 · est. market cap ~$31.3B — last insider sale, 2026-02-19 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Dover is a diversified industrial with strong margins and returns across five segments; reported earnings fell sharply on the ESG divestiture but underlying quality is high.
Strengths
- High net margin (78.9th pct), operating margin (83.2nd pct) and ROA (86th pct) with ROE 14.8% (71.5th pct)
- Diversified, market-leading platforms and disciplined capital allocation/FCF redeployment
Risks
- Reported net income down 59% (21.8th pct), distorted by ESG discontinued-ops sale
- Modest revenue growth (4.5%, 41.8th pct) and broad cyclical/end-market exposure
Notable findings
- Customer concentration~46% of revenue from one customer/distributor — Approximately 46% of our revenues for both 2025 and 2024 were derived outside the United States and we expect international sales to continue to represent a significant portion of our revenues given o
- China exposureo government import and export controls, economic sanctions, embargoes or trade restrictions; o the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures; o l
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$19M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
39.8%
Operating margin
17.0%
Net margin
13.5%
Return on equity
14.8%
Return on assets
8.2%
ROIC
10.8%
Revenue growth (QoQ)
-2.2%
Net-income growth
-59.4%
Debt / equity
0.4×
Current ratio
1.8×
EBITDA
$1.8B
Tangible book value
$216M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-13 | Moran James M | Tax withheld | 26 | $204.28 |
| 2026-03-13 | Moran James M | Tax withheld | 20 | $204.28 |
| 2026-03-13 | Tobin Richard J | Tax withheld | 1.7K | $204.28 |
| 2026-03-13 | Tobin Richard J | Tax withheld | 1.8K | $204.28 |
| 2026-03-13 | Tobin Richard J | Tax withheld | 1.6K | $204.28 |
| 2026-03-13 | Cabrera Ivonne M | Tax withheld | 183 | $204.28 |
| 2026-03-13 | Cabrera Ivonne M | Tax withheld | 175 | $204.28 |
| 2026-03-13 | Cabrera Ivonne M | Tax withheld | 277 | $204.28 |
| 2026-03-13 | Juneja Girish | Tax withheld | 97 | $204.28 |
| 2026-03-13 | Juneja Girish | Tax withheld | 92 | $204.28 |
| 2026-03-13 | Juneja Girish | Tax withheld | 83 | $204.28 |
| 2026-03-13 | Paulson Ryan | Tax withheld | 32 | $204.28 |
| 2026-03-13 | Paulson Ryan | Tax withheld | 37 | $204.28 |
| 2026-03-13 | Paulson Ryan | Tax withheld | 30 | $204.28 |
| 2026-03-13 | Woenker Christopher B. | Tax withheld | 39 | $204.28 |
| 2026-03-13 | Woenker Christopher B. | Tax withheld | 43 | $204.28 |
| 2026-03-13 | Moran James M | Tax withheld | 27 | $204.28 |
| 2026-03-13 | Woenker Christopher B. | Tax withheld | 97 | $204.28 |
| 2026-03-13 | Yehle Jeffrey | Tax withheld | 63 | $204.28 |
| 2026-02-19 | Tobin Richard J | Option exercise | 211K | — |
| 2026-02-19 | Tobin Richard J | Disposition | 72K | $231.98 |
| 2026-02-19 | Tobin Richard J | Tax withheld | 61K | $231.98 |
| 2026-02-19 | Tobin Richard J | Sell | 77K | $232.70 |
| 2026-02-17 | Cabrera Ivonne M | Sell | 4.0K | $233.23 |
| 2026-02-13 | Cabrera Ivonne M | Grant | 2.7K | — |
| 2026-02-13 | Yehle Jeffrey | Grant | 648 | — |
| 2026-02-13 | Tobin Richard J | Grant | 10K | — |
| 2026-02-13 | Tobin Richard J | Grant | 26K | $25,788.00 |
| 2026-02-13 | Tobin Richard J | Tax withheld | 11K | $231.63 |
| 2026-02-13 | Paulson Ryan | Grant | 259 | — |
| 2026-02-13 | Paulson Ryan | Grant | 679 | — |
| 2026-02-13 | Paulson Ryan | Tax withheld | 227 | $231.63 |
| 2026-02-13 | Moran James M | Grant | 194 | — |
| 2026-02-13 | Moran James M | Grant | 610 | — |
| 2026-02-13 | Moran James M | Tax withheld | 179 | $231.63 |
| 2026-02-13 | Juneja Girish | Grant | 820 | — |
| 2026-02-13 | Juneja Girish | Grant | 2.0K | — |
| 2026-02-13 | Juneja Girish | Tax withheld | 628 | $231.63 |
| 2026-02-13 | Woenker Christopher B. | Grant | 1.1K | — |
| 2026-02-13 | Woenker Christopher B. | Grant | 814 | — |
| 2026-02-13 | Woenker Christopher B. | Tax withheld | 262 | $231.63 |
| 2026-02-13 | Cabrera Ivonne M | Grant | 1.7K | — |
| 2026-02-13 | Cabrera Ivonne M | Tax withheld | 1.2K | $231.63 |
| 2026-02-11 | Juneja Girish | Sell | 1.5K | $230.77 |
| 2026-01-07 | Moran James M | Option exercise | 3.7K | $48.28 |
| 2026-01-07 | Moran James M | Disposition | 893 | $201.68 |
| 2026-01-07 | Moran James M | Tax withheld | 875 | $201.68 |
| 2025-12-08 | Tobin Richard J | Gift | 2.6K | — |
| 2025-12-04 | Cabrera Ivonne M | Sell | 2.6K | $190.80 |
| 2025-12-03 | Cabrera Ivonne M | Option exercise | 40K | $48.28 |
| 2025-12-03 | Cabrera Ivonne M | Disposition | 10K | $189.13 |
| 2025-12-03 | Cabrera Ivonne M | Tax withheld | 13K | $189.13 |
| 2025-11-28 | Woenker Christopher B. | Sell | 1.6K | $186.04 |
| 2025-11-26 | Woenker Christopher B. | Option exercise | 3.1K | $48.28 |
| 2025-11-26 | Woenker Christopher B. | Disposition | 805 | $186.41 |
| 2025-11-26 | Woenker Christopher B. | Tax withheld | 675 | $186.41 |
| 2025-11-20 | Moran James M | Option exercise | 3.7K | $48.28 |
| 2025-11-20 | Moran James M | Option exercise | 999 | $180.35 |
| 2025-11-20 | Moran James M | Tax withheld | 801 | $180.35 |
| 2025-11-17 | Ostling Danita K | Grant | 972 | $180.05 |
| 2025-11-17 | GRAHAM KRISTIANE C | Grant | 972 | $180.05 |
| 2025-11-17 | DeHaas Deborah L | Grant | 972 | $180.05 |
| 2025-11-17 | Gilbertson H John Jr | Grant | 972 | $180.05 |
| 2025-11-17 | Manley Michael Mark | Grant | 972 | $180.05 |
| 2025-11-17 | Spiegel Eric A. | Grant | 972 | $180.05 |
| 2025-11-17 | WANDELL KEITH E | Grant | 972 | $180.05 |
| 2025-11-17 | Howze Marc A | Grant | 972 | $180.05 |
| 2025-08-01 | Yehle Jeffrey | Tax withheld | 173 | $176.32 |
| 2025-03-14 | Woenker Christopher B. | Tax withheld | 34 | $179.61 |
| 2025-03-14 | Woenker Christopher B. | Tax withheld | 39 | $179.61 |
| 2025-03-14 | Woenker Christopher B. | Tax withheld | 43 | $179.61 |
| 2025-03-14 | Paulson Ryan | Tax withheld | 25 | $179.61 |
| 2025-03-14 | Paulson Ryan | Tax withheld | 32 | $179.61 |
| 2025-03-14 | Paulson Ryan | Tax withheld | 37 | $179.61 |
| 2025-03-14 | Juneja Girish | Tax withheld | 92 | $179.61 |
| 2025-03-14 | Juneja Girish | Tax withheld | 96 | $179.61 |
| 2025-03-14 | Juneja Girish | Tax withheld | 92 | $179.61 |
| 2025-03-14 | Cabrera Ivonne M | Tax withheld | 175 | $179.61 |
| 2025-03-14 | Cabrera Ivonne M | Tax withheld | 183 | $179.61 |
| 2025-03-14 | Cabrera Ivonne M | Tax withheld | 175 | $179.61 |
| 2025-03-14 | Tobin Richard J | Tax withheld | 1.7K | $179.61 |
| 2025-03-14 | Tobin Richard J | Tax withheld | 1.8K | $179.61 |
| 2025-03-14 | Tobin Richard J | Tax withheld | 1.9K | $179.61 |
| 2025-03-14 | Moran James M | Tax withheld | 25 | $179.61 |
| 2025-03-14 | Moran James M | Tax withheld | 29 | $179.61 |
| 2025-03-14 | Moran James M | Tax withheld | 28 | $179.61 |
| 2025-02-14 | Woenker Christopher B. | Grant | 988 | — |
| 2025-02-14 | Woenker Christopher B. | Grant | 541 | — |
| 2025-02-14 | Woenker Christopher B. | Tax withheld | 188 | $202.33 |
| 2025-02-14 | Tobin Richard J | Grant | 11K | — |
| 2025-02-14 | Tobin Richard J | Grant | 18K | — |
| 2025-02-14 | Tobin Richard J | Tax withheld | 7.1K | $202.33 |
| 2025-02-14 | Juneja Girish | Grant | 840 | — |
| 2025-02-14 | Juneja Girish | Grant | 1.5K | — |
| 2025-02-14 | Juneja Girish | Tax withheld | 459 | $202.33 |
| 2025-02-14 | Moran James M | Grant | 222 | — |
| 2025-02-14 | Moran James M | Grant | 393 | — |
| 2025-02-14 | Moran James M | Tax withheld | 136 | $202.33 |
| 2025-02-14 | Paulson Ryan | Grant | 297 | — |
| 2025-02-14 | Paulson Ryan | Grant | 393 | — |
| 2025-02-14 | Paulson Ryan | Tax withheld | 136 | $202.33 |
| 2025-02-14 | Cabrera Ivonne M | Grant | 2.0K | — |
| 2025-02-14 | Cabrera Ivonne M | Grant | 2.0K | — |
| 2025-02-14 | Cabrera Ivonne M | Tax withheld | 891 | $202.33 |
| 2025-02-14 | Yehle Jeffrey | Grant | 643 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-12 | Shareholder voteExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-08 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-01-29 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-12 | OtherExhibits | filing ↗ |
| 2025-11-10 | Other | filing ↗ |
| 2025-10-23 | ResultsReg FDExhibits | filing ↗ |
| 2025-07-24 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-12 | 2026-05-08 | 0001193125-26-219689 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0000029905-26-000015 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000029905-26-000014 ↗ |
| 8-K | 2026-04-08 | 2026-04-02 | 0001193125-26-147940 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000029905-26-000009 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0000029905-26-000004 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001193125-25-277534 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001193125-25-274595 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0000029905-25-000032 ↗ |
| 10-Q | 2025-10-23 | 2025-09-30 | 0000029905-25-000034 ↗ |
| 10-Q | 2025-07-24 | 2025-06-30 | 0000029905-25-000024 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0000029905-25-000022 ↗ |