DOV
Dover Corporation Industrials - Machinery Investor Relations →
Dover Corporation (DOV) closed at $223.66 as of 2026-02-02, trading 40.5% above its 200-week moving average of $159.25. The stock moved further from the line this week, up from 26.9% last week. With a 14-week RSI of 80, DOV is in overbought territory.
Over the past 2346 weeks of data, DOV has crossed below its 200-week moving average 21 times. On average, these episodes lasted 12 weeks. Historically, investors who bought DOV at the start of these episodes saw an average one-year return of +20.2%.
With a market cap of $30.7 billion, DOV is a large-cap stock. The company generates a free cash flow yield of 2.8%. Return on equity stands at 15.3%, a solid level. The stock trades at 4.1x book value.
DOV is a Dividend Aristocrat, having increased its dividend for 25 or more consecutive years. The current yield is 93.00%. Management has been repurchasing shares, with a 4.7% reduction over three years. DOV passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 33.2 years, a hypothetical investment of $100 in DOV would have grown to $5194, compared to $2849 for the S&P 500. That represents an annualized return of 12.6% vs 10.6% for the index — confirming DOV as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -15% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: DOV vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DOV Crosses Below the Line?
Across 18 historical episodes, buying DOV when it crossed below its 200-week moving average produced an average return of +20.5% after 12 months (median +21.0%), compared to +8.1% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +35.8% vs +21.6% for the index.
Each line shows $100 invested at the moment DOV crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DOV has crossed below its 200-week MA 21 times with an average 1-year return of +20.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1981 | Sep 1981 | 1 | 0.2% | -10.2% | +22965.5% |
| Feb 1982 | Oct 1982 | 34 | 25.0% | +15.0% | +23078.6% |
| Sep 1990 | Oct 1990 | 5 | 8.4% | +27.7% | +7899.9% |
| Mar 2001 | Apr 2001 | 5 | 4.8% | +18.1% | +1344.1% |
| May 2001 | May 2001 | 1 | 0.5% | -2.4% | +1298.6% |
| Jun 2001 | Feb 2002 | 33 | 22.3% | -5.7% | +1297.5% |
| Apr 2002 | Jul 2003 | 65 | 35.2% | -26.7% | +1269.6% |
| Sep 2003 | Sep 2003 | 1 | 0.8% | +7.6% | +1322.9% |
| Dec 2007 | Apr 2008 | 15 | 16.9% | -16.2% | +1014.6% |
| Sep 2008 | Nov 2009 | 59 | 47.3% | -7.0% | +1015.0% |
| Nov 2009 | Nov 2009 | 1 | 1.6% | +40.7% | +1013.7% |
| Dec 2009 | Dec 2009 | 1 | 0.9% | +44.6% | +1006.5% |
| Aug 2015 | Oct 2015 | 9 | 9.4% | +27.8% | +457.4% |
| Nov 2015 | Nov 2015 | 1 | 2.2% | +15.4% | +424.2% |
| Dec 2015 | Apr 2016 | 18 | 18.2% | +27.6% | +432.3% |
| May 2016 | May 2016 | 3 | 2.6% | +26.2% | +410.5% |
| Oct 2016 | Nov 2016 | 2 | 3.6% | +44.9% | +375.6% |
| Mar 2020 | Mar 2020 | 1 | 14.0% | +108.6% | +265.6% |
| Sep 2022 | Oct 2022 | 1 | 2.0% | +21.4% | +99.7% |
| Oct 2023 | Nov 2023 | 3 | 2.6% | +47.4% | +78.8% |
| Mar 2025 | Apr 2025 | 1 | 0.9% | N/A | +46.9% |
| Average | 12 | — | +20.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02