Dover Corp
DOV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <P^ | LOCK|k>DvN | LOCK|x$M@^& |
Dover Earnings: Flat Year From Divestments and Weak Organic Performance
Dover reported fourth-quarter and full-year results on Jan. 30, marking the completion of a mixed 2024 for the firm. Organic revenue was flat year over year. Earnings per share compounded approximately 4% from 70 basis points of margin expansion due to an improving revenue mix and efficiency gains. We’ve lowered our fair value estimate to $166 per share from $173 to reflect our tempered long-term margin expectations.
