Dover
DOV · NYSE · Industrials
$187.42
$1.80 (-0.96%) today
Market Cap
$25.24B
24h Volume
$432.6M
P/E Ratio
22.7
52w High
$231.59
52w Low
$159.53
Est. AI Revenue
8%
7-Day Sparkline (Static)
Company facts
Performance
About Dover
Dover is a diversified industrial manufacturer with five segments spanning engineered products, clean energy and fueling, imaging and identification, pumps and process solutions, and climate and sustainability technologies. It earns revenue from thousands of niche industrial products, many holding leading positions in small markets.
Its AI relevance comes from liquid cooling components. Its CPC business makes quick disconnect couplings used in direct to chip liquid cooling loops, letting operators connect and service cold plates without leaks, and its SWEP business makes brazed plate heat exchangers used in cooling systems. Management cites data center liquid cooling among its fastest growing product lines.
Founded in 1955 and headquartered in Downers Grove, Illinois, Dover employs about 24,000 people, trades on the NYSE, and is known for one of the longest dividend growth streaks among US industrials.
Dover in the AI buildout
Dover sits in the Cooling & Thermal layer as a component supplier to liquid cooling. As AI racks exceed what air can cool, direct to chip liquid loops are becoming standard, and every loop needs reliable couplings and heat exchangers. Dover's CPC couplings and SWEP heat exchangers are established parts in those systems. It is a classic picks and shovels position: small pieces, high importance, though inside a large diversified industrial portfolio.
DOV is tracked in Cooling & Thermal, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
DOV trades at $187.42, 39% of the way up its 52-week range of $159.53 to $231.59.
Market cap
Market capitalization is $25.24B, with an AI Exposure Score of 40 out of 100.
Valuation vs peers
Its P/E ratio of 22.7 is below the Cooling & Thermal category median of 40.4.
Next earnings
Dover is next expected to report earnings on October 22, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Dover Corporation do?
Dover is a diversified industrial manufacturer. Its five segments make engineered products, fueling and clean energy equipment, marking and coding systems, pumps and process components, and climate technologies, with many products holding leading positions in niche industrial markets.
How is Dover Corporation exposed to AI?
Supercycle rates Dover Growing with an AI Exposure Score of 40 out of 100. Its CPC quick disconnect couplings and SWEP heat exchangers are key components in data center liquid cooling loops, one of the company's fastest growing product lines.
What is CPC?
CPC, or Colder Products Company, is a Dover business making quick disconnect couplings. In data centers they let operators connect and unplug liquid cooling lines to servers and cold plates without spills, which makes them critical parts in direct to chip cooling.
Is DOV a pure play AI stock?
No. Dover is rated Growing. Its liquid cooling components are genuinely important to AI data centers, but they are a small slice of a diversified industrial portfolio serving fueling stations, food retail, marking, and process industries.
Who leads Dover?
Richard Tobin has led Dover as president and CEO since 2018, arriving from CNH Industrial where he was chief executive. Dover is headquartered in Downers Grove, Illinois, employs about 24,000 people, and trades on the NYSE.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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