Dover Corp rated Buy after strong Q2 with margin gains and 15% bookings growth despite slight revenue miss.

Dover Corporation reported a strong second quarter with expanded gross and operating margins and a 15% year-over-year increase in last twelve months bookings, driven by diverse markets including data centers and AI segments. Although the company missed revenue expectations slightly and its share price dropped, improvements in return on equity and margins support a positive outlook. The valuation remains reasonable at 24–26 times earnings, with net earnings expected to rise 11.3% quarter-over-quarter into Q3, reinforcing the Buy rating despite some concerns over capital allocation in the Climate & Sustainability segment.