Dover

Dover Corporation (Dover) is a diversified manufacturer based in Downers Grove, Illinois. It has five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. It sells equipment, components, consumable supplies, aftermarket parts, software and services. Revenue was $2,234 million in Q3 2026 and $6,477 million for nine months.

Dover has about 24,000 employees. Richard Tobin is President and Chief Executive Officer. The common stock trades on the NYSE in US dollars. Dover files 10-K and 10-Q reports.

The price of Dover depends on whether strong orders in a few fast growing markets can lift sales and margin for several quarters. Dover says that growth was led by artificial intelligence and power generation infrastructure, energy transition, single-use biopharma, semiconductor manufacturing and space launch. Bookings were $2.3 billion in Q3 2026, 15.5% more than a year before, and they increased in all five segments and outpaced shipments. Food retail refrigeration is improving after Dover finished a footprint consolidation.

For the price to hold or rise, four things must be true. Orders must keep exceeding shipments. Organic revenue growth must stay near the 5% to 6% in the guidance for 2026. The food retail plants must keep their better line rates.

Bolt-on acquisitions and share repurchases must add to earnings per share. The Q4 2026 report in January 2027 and its 2027 outlook are the next tests. If orders slow, or if tariffs and costs rise faster than prices, the price can fall.

1. Jan 28, 2027 · est.Pending

   Q4 2026 results and 2027 outlookAdjusted earnings per share for 2026 are in the guided range of $10.60 to $10.75 and the 2027 outlook shows growth with organic revenue near the 2026 pace, and this passes; a miss or a weaker outlook fails.
2. Apr 2027 · est.Pending

   Q1 2027 resultsBookings stay above shipments in most segments, and this passes; bookings below shipments in most segments fail.

Every passed and failed checkpoint across all picks

• November 2, 2026Dover completed an offering of €800 million of 4.350% notes due 2030, under its shelf registration statement. Dover reported this in a Form 8-K.
• October 22, 2026Dover reported Q3 2026 results and filed its Form 10-Q. Revenue rose 8% to $2,234 million, and organic revenue rose 7%. Adjusted earnings per share rose 10% to $2.88. Dover repurchased more than $330 million of its shares in the quarter. It guided 2026 adjusted earnings per share to $10.60 to $10.75.
• August 18, 2026Dover agreed to buy Leistung Engineering Pvt. Ltd., a maker of cryogenic and diaphragm valves and filtration systems, for preliminary consideration of $40 million.

Last earnings

October 22, 2026 (8-K on sec.gov)

Next earnings

Expected about January 28, 2027. The company has not confirmed the date.

• 8-KOther company newsFiled November 2, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 22, 2026 · dov-20260930
• 8-KEarnings release and Investor disclosureFiled October 22, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 23, 2026 · dov-20260630
• 8-KEarnings release and Investor disclosureFiled July 23, 2026 · Press release and exhibits
• 8-KShareholder vote resultsFiled May 12, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 23, 2026 · dov-20260331
• 8-KEarnings release and Investor disclosureFiled April 23, 2026 · Press release and exhibits
• 8-KNew material agreement and End of a material agreementFiled April 8, 2026 · Read it on sec.gov
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 13, 2026 · dov-20251231

Every filing on SEC EDGAR (CIK 29905)

• Demand can change. Dover lists changes in customer demand and capital spending among its risks, and the fast growth in power, energy and biopharma markets can slow.
• Trade policy can raise costs. Dover lists tariffs and trade policy among its risks, and it has supply chain and inflation risks in material and freight costs.
• Food retail is a weaker part of the group. Dover finished a footprint consolidation in food retail in 2026, and the benefit depends on line rates.
• Acquisitions can fail to earn their cost. Dover has made small acquisitions in 2026 and a larger one in 2025, when it bought Sikora AG for $608 million net of cash acquired.

At September 30, 2026, Dover had cash and cash equivalents of $1,693 million, of which about $551 million was outside the United States. Total debt was $3,265 million, of which $2,581 million is long-term debt. Read more

Yield at the current rate

1.0% (current annual rate, at today’s price)

Dividend yield

1.0% (last 12 months, at today’s price of $212.43)

Paid per share

$2.085 in the last 12 months (4 payments)

Current annual rate

$2.10 ($0.525 × 4 a year)

Payout ratio

26% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 31, 2026, $0.525 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 1.0% a year. From 2015 to 2025, the dividend grew by about 4.6% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.