Who Owns Dover?
Dover is the corporate brand of Dover Corporation (NYSE: DOV), a publicly traded diversified industrial manufacturer headquartered in Downers Grove, Illinois. Incorporated in 1947 and public since 1955, the brand represents a decentralized family of niche manufacturing businesses generating $8.1 billion in FY2025 revenue. Dover has raised its dividend every year for 70 consecutive years.
Parent Company
Founded
1947
Status
Publicly Traded
Headquarters
GlobalOfficial Website
Who Owns Dover?
- Parent Company: Dover Corporation
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: New York Stock Exchange: DOV
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Dover | Dover Corporation | Brand division |
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History of Dover
- Founded: 1947
- Founders: George L. Ohrstrom
George L. Ohrstrom incorporated Dover in 1947 as a holding company for small industrial manufacturers, taking the name public on the NYSE in 1955. The decentralized acquisition model it pioneered became a template for multi-industry manufacturers.
The brand's portfolio identity shifted repeatedly: elevator manufacturing through Dover Elevator until its 1999 sale, electronics until the 2014 Knowles spin-off, and oil and gas equipment until the 2018 Apergy spin-off.
Today's Dover brand stands for five focused segments tilted toward aftermarket revenue and sustainability-linked markets, a more coherent identity than the sprawling conglomerate of earlier decades.
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About Dover Corporation
Is Dover Corporation publicly traded?
Yes. It trades on the NYSE under ticker DOV and is in the S&P 500.
What does Dover Corporation make?
Diversified industrial equipment across five segments: fueling systems, specialty pumps, product coding, commercial refrigeration, and engineered components for vehicle service, aerospace, and industrial markets.
Is Dover the same as Dover Elevator?
Dover Corporation once owned Dover Elevator, a major elevator maker, but sold it to Thyssen in 1999. The company today is a diversified manufacturer with no elevator business.
Who is the CEO of Dover?
Richard J. Tobin, president and CEO since 2018.
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How long has Dover raised its dividend?
70 consecutive years through 2025, one of the longest streaks in the market.
Where is Dover headquartered?
Downers Grove, Illinois, a Chicago suburb.
- Founded: 1947
- Headquarters: Downers Grove, Illinois, USA
- Company Type: Publicly Traded
- Stock: New York Stock Exchange: DOV
- Revenue: $8.1 billion (FY2025)
- Employees: Approximately 24,000
Where Is Dover Made / Based?
- Headquarters: Downers Grove, Illinois, USA
Dover Categories & Tags
Brands Owned by Dover Corporation
Conglomerates IndustrialAdvansor
Owned by Dover Corporation
Danish CO2 transcritical refrigeration pioneer founded in 2006, acquired by Dover Corporation in 2025 to lead natural refrigerant solutions for food retail.
refrigerationco2natural-refrigerants
Conglomerates IndustrialBelvac
Owned by Dover Corporation
Can-making production machinery brand founded in 1962 in Lynchburg, Virginia, a Dover Corporation business serving the global beverage can industry.
can-makingmachinerybeverage-cans
Conglomerates IndustrialBlackmer
Owned by Dover Corporation
Sliding vane pump brand founded in 1903 in Michigan, a Dover PSG business for petroleum, LPG, chemical, and industrial fluid transfer.
pumpssliding-vanepetroleum
Conglomerates IndustrialDover Fueling Solutions
Owned by Dover Corporation
Retail fuel dispensers and forecourt systems brand combining Wayne, Tokheim, and OPW fueling heritage under Dover Corporation.
fuelinggas-stationsfuel-dispensers
Conglomerates IndustrialHillphoenix
Owned by Dover Corporation
Commercial refrigeration display case and systems manufacturer with roots to 1887, a Dover Corporation business headquartered in Conyers, Georgia.
refrigerationdisplay-casessupermarkets
Conglomerates IndustrialMarkem-Imaje
Owned by Dover Corporation
Global product coding and marking brand formed by the 2007 Markem-Imaje merger, a Dover Corporation business serving packaging and manufacturing lines worldwide.
codingmarkingprinting
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Dover Ownership: Pros & Cons
Advantages
- +Trusted industrial conglomerate brand with a 70-year dividend record
- +Decentralized identity gives acquired brands continuity
- +S&P 500 membership and investment-grade stability
Considerations
- -Corporate brand invisible to end customers
- -Conglomerate discount versus focused peers
- -Portfolio complexity obscures individual business quality
Frequently Asked Questions About Dover
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Sources & Further Reading
Competitors to Dover
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Berkshire Hathaway | USA | 1953 | Mass market | Global | All-ages | |
| Bluescope Steel | Australia | 2002 | Mass market | Asia pacific | Unisex | |
| Crown Holdings | USA | 1892 | Mass market | Global | All Genders | |
| Dupont | USA | 1802 | Mass market | Global | All Genders | |
| United States Steel | USA | 1901 | Mass market | United states | All Genders |
Learn More About Competitors
Conglomerates IndustrialMarmon Group
Owned by Berkshire Hathaway
Chicago-based diversified industrial holding company founded in 1953 by Jay and Robert Pritzker, acquired by Berkshire Hathaway starting in 2008 (60% for $4.5 billion) with full ownership completed in 2013, operating 120+ autonomous companies across 11 business groups with approximately $13 billion in annual revenue and 30,000 employees worldwide.
manufacturingindustrialconglomerate
Conglomerates IndustrialBlueScope Steel Products
Owned by BlueScope Steel Limited
Core steel manufacturing division of BlueScope Steel Limited (ASX: BSL), an Australian steel company spun off from BHP Billiton in July 2002; operates the Port Kembla Steelworks in New South Wales, produces flat steel products including hot-rolled coil, cold-rolled coil, and coated steel, and manufactures branded products including COLORBOND steel and ZINCALUME steel.
steelmanufacturingconstruction
Conglomerates IndustrialCrown
Owned by Crown Holdings, Inc.
Industrial packaging brand of Crown Holdings, one of the world's largest aluminum beverage can and metal container manufacturers.
packagingaluminum-cansmanufacturing
Conglomerates IndustrialDuPont
Owned by DuPont
Materials science brand of DuPont de Nemours, the NYSE-listed American company behind Tyvek, Corian, and Sorona, tracing its roots to an 1802 Delaware gunpowder mill.
materials-sciencechemicalsindustrial
Conglomerates IndustrialU.S. Steel
Owned by United States Steel Corporation
Flagship brand of United States Steel Corporation, the iconic Pittsburgh steelmaker now a wholly owned subsidiary of Nippon Steel under a US government golden share arrangement.
steelmanufacturingmetals
Competitive Analysis
Market Positioning: Dover competes with 5 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Dover
Looking for brands with different ownership structures? These similar brands are not owned by Dover Corporation, giving you alternative choices that support different corporate structures.
Conglomerates IndustrialU.S. Steel
Owned by United States Steel Corporation
Flagship brand of United States Steel Corporation, the iconic Pittsburgh steelmaker now a wholly owned subsidiary of Nippon Steel under a US government golden share arrangement.
steelmanufacturingmetals
Privately Owned
U.S. Steel is privately owned, unlike Dover which is under a publicly traded parent company.
Conglomerates IndustrialACC Limited
Owned by Adani Group
Indian cement and ready-mix concrete manufacturer, one of the oldest cement companies in India, owned by Adani Group since 2022.
cementconstructionbuilding-materials
Privately Owned
ACC Limited is privately owned, unlike Dover which is under a publicly traded parent company.
Conglomerates IndustrialAmbuja Cement
Owned by Adani Group
Indian cement manufacturer providing construction materials and building solutions, owned by Adani Group since 2022.
cementconstructionbuilding-materials
Privately Owned
Ambuja Cement is privately owned, unlike Dover which is under a publicly traded parent company.
Conglomerates IndustrialBrevini
Owned by Dana
Dana's motion systems brand for industrial gearboxes and hydraulics, acquired in 2017.
gearboxeshydraulicsmotion-systems
Privately Owned
Brevini is privately owned, unlike Dover which is under a publicly traded parent company.
Conglomerates IndustrialDalmia Cement
Owned by Dalmia Bharat Group
Indian cement and building materials brand owned by Dalmia Bharat Group, the fourth largest cement manufacturer in India by capacity.
cementconstructionbuilding-materials
Privately Owned
Dalmia Cement is privately owned, unlike Dover which is under a publicly traded parent company.
Conglomerates IndustrialGWB
Owned by Dana
Dana's German heavy driveshaft brand serving steel, rail, and industrial applications.
driveshaftsindustrialsteel
Privately Owned
GWB is privately owned, unlike Dover which is under a publicly traded parent company.
Dover Corporation Stock Information
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