Dover Corporation (NYSE:DOV) is looking for M&A. Richard Tobin, President and Chief Executive Officer said, "We are in the process of returning capital to our shareholders. So we announced an ASR in August. That will be complete over the coming weeks of $0.5 billion and remain proactive on the M&A front.

Right now, there's a lot of noise around price discovery. So right now, the public and private markets are in a bit of a standoff where the private markets still want old public market valuations. And so we're just going to have to wait that out.

We've got some amount of projects in the pipeline and could do some smaller deals between now and the end of the year, but the likely scenario is, is that '23, we're going to be a lot more aggressive in terms of M&A under the view that we believe that valuations of private assets will come down over time".