Dover Corporation: Is the Stock Undervalued or Fairly Priced?

Dover Corporation's stock has experienced significant price movements on the NYSE, increasing to $191 and dropping to $174. Based on our valuation model, Dover seems fairly priced at around 17% below its intrinsic value. The company's share is volatile, and its high beta indicates potential for price fluctuations. Dover's profit growth is expected to be 9.2% over the next couple of years, which may not be a key driver for a buy decision. Overall, Dover's current trading price of $182 may be reflective of its actual value.

Dover Corporation's stock has experienced significant price movements on the NYSE, increasing to $191 and dropping to $174. Based on our valuation model, Dover seems fairly priced at around 17% below its intrinsic value. The company's share is volatile, and its high beta indicates potential for price fluctuations. Dover's profit growth is expected to be 9.2% over the next couple of years, which may not be a key driver for a buy decision. Overall, Dover's current trading price of $182 may be reflective of its actual value.

In recent filings, Ceredex Value Advisors LLC reduced its holdings in Dover Corporation by 11.2%, selling 18,708 shares and now owning 147,667 shares valued at approximately $25.94 million [1]. Analysts have raised their price targets for Dover, with Robert W. Baird increasing their target from $219 to $234 and maintaining an "outperform" rating [1]. Dover recently announced a quarterly dividend increase to $0.52 per share, marking a consistent annual dividend of $2.08 with a yield of 1.2% [1].

Several other large investors have also adjusted their positions in Dover. Brighton Jones LLC raised its holdings by 62.1% in the fourth quarter, while Nebula Research & Development LLC increased its position by 13.3% [1]. Parallax Volatility Advisers L.P. acquired a new position worth $243,000, and Coldstream Capital Management Inc. grew its holdings by 3.2% [1]. Quarry LP increased its holdings by 257.0% during the fourth quarter [1].

Research analysts have also provided insights on Dover's stock. Robert W. Baird boosted their price target to $234 and gave the company an "outperform" rating [1]. Citigroup, Barclays, Wells Fargo & Company, and JPMorgan Chase & Co. have also revised their price objectives and ratings [1]. The consensus rating is "Moderate Buy" with a price target of $213.92 [1].

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment serves various end-markets, including vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-ceredex-value-advisors-llc-lowers-stock-position-in-dover-corporation-dov-2025-08-26/
[2] https://finance.yahoo.com/news/dover-corporation-nyse-dov-potentially-101257135.html