2024-07-15 11:16:19 ET
Summary
- Dover Corporation is an industrial conglomerate with diversified activities, as growth has been a bit underwhelming recently.
- Dover's transformation and growth challenges led to range-bound trading, as recent solid order intake has re-rated shares.
- Shares of Dover have surged since the start of the year, driven by positive booking numbers, leaving me tempted to take profits here.
At the start of the year, I believed that Dover Corporation ( DOV ) was undergoing a continued transformation, amidst continued growth challenges. Shares were trading range bound discounted to the market, fair given its underwhelming achievements....
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Dover Corporation: The Re-Rating Is Complete