2024-07-04 09:10:44 ET
Summary
- Dover Corporation is a diversified manufacturing company with a strong product portfolio and operates through five segments.
- The company has stable business characteristics, high post-tax margins, and efficient capital allocation strategies.
- Despite moderately attractive valuation, DOV stock is fully priced with high expectations, limiting potential for outsized returns.
Investment thesis
Founded in 1947 and based in Illinois, Dover Corporation ( DOV ) is a diversified manufacturing company with an extensive product portfolio of engineered and non-engineered products. It sells its offerings into the consumable supplies, aftermarket, software and digital markets. It operates through five operating segments: 1) engineered products, 2) clean energy & fueling, 3) imaging & identification, 4) pumps & process solutions, and 5) climate & sustainability technologies....
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Dover: Excellent Economics Well Captured At Current Multiples