Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. This segment also offers manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors. The Fueling Solutions segment transports fuels and other hazardous fluids, as well as operates retail fueling and vehicle wash establishments. The Imaging and Identification segment provides precision marking and coding; product traceability equipment; and digital textile printing equipment, as well as related consumables, software, and services. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. This segment also manufactures pumps that are used to transfer liquid and bulk products in various markets, including plastics and polymers processing, chemicals production, food/sanitary, biopharma, medical, transportation, petroleum refining, power generation and general industrial applications. The Refrigeration & Food Equipment segment manufactures refrigeration systems, refrigeration display cases, commercial glass refrigerators and freezer doors, and brazed plate heat exchangers for industrial heating and cooling, and residential climate control applications; and commercial food service equipment and can-shaping machinery. The company sells its products directly and through a network of distributors. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.
IPO Year:
Exchange: NYSE
Website: dovercorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $217.00 | Neutral | UBS |
| 10/28/2024 | $227.00 | Peer Perform → Outperform | Wolfe Research |
| 2/5/2024 | $190.00 | Neutral → Buy | Seaport Research Partners |
| 12/13/2022 | $171.00 | Outperform | Credit Suisse |
| 4/8/2022 | $190.00 → $160.00 | Overweight → Equal Weight | Barclays |
| 1/28/2022 | $194.00 → $196.00 | Equal-Weight | Morgan Stanley |
| 1/14/2022 | $190.00 → $194.00 | Equal-Weight | Morgan Stanley |
| 1/7/2022 | $205.00 | Perform → Outperform | Oppenheimer |
| 1/4/2022 | $185.00 → $206.00 | Overweight | Barclays |
| 12/20/2021 | $165.00 → $184.00 | Underweight → Equal-Weight | Wells Fargo |
DOWNERS GROVE, Ill., Nov. 20, 2024 /PRNewswire/ -- ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE:DOV), today announced the addition of the XL Bore Vacuum-Jacketed Piping (VJP) to its portfolio of cryogenics-handling products. The new VJP has been designed to help maintain cryogenic liquid's extremely cold temperature, prevent leaks and transfer the full array of high-volume cryogenics, including liquefied natural gas (LNG), liquid hydrogen (LH2), liquid oxygen (LOX), carbon dioxide (CO2) and helium. Many of these cryogenics are used in aerospace applications for space exploration, especially for fueling.
DOWNERS GROVE, Ill., Nov. 14, 2024 /PRNewswire/ -- Hillphoenix, part of Dover Food Retail and Dover (NYSE:DOV) and a pioneer in designing environmentally sustainable refrigeration systems, has earned the U.S. Environmental Protection Agency's (EPA's) GreenChill 2023-2024 Store Certification Excellence recognition. This achievement recognizes the commercial refrigeration systems manufacturer that installed the most advanced, sustainable refrigeration systems in GreenChill-Certified Stores in the past year. Hillphoenix has provided sustainable refrigeration for 777 stores. "We a
DOWNERS GROVE, Ill., Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE:DOV) today declared a regular quarterly cash dividend of $0.515 (fifty-one and one-half cents) per share, payable on December 16, 2024, to shareholders of record as of November 29, 2024. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Eng
DOWNERS GROVE, Ill., Nov. 6, 2024 /PRNewswire/ -- Dover Corporation (NYSE: DOV) announced that its President and Chief Executive Officer, Richard J. Tobin, will speak at the Baird 2024 Global Industrial Conference in Chicago, Illinois, on Wednesday, November 13, 2024, at 9:40 am CT. A link to the live audio webcast of the presentation will be available on dovercorporation.com, and the replay will be archived on the website for 90 days. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative eq
DOWNERS GROVE, Ill., Oct. 30, 2024 /PRNewswire/ -- KPS, part of OPW Retail Fueling and Dover (NYSE:DOV), announced the launch of its new 3" (110/90mm) conductive High Density Polyethylene (HDPE) double wall piping system. Created to meet customer demand, the system is engineered for medium to high flow applications on fueling forecourts, data centers and backup and primary generators including fill lines and other fuel and vapor lines requiring the highest standards. Certified to EN 14125, the new system consists of a 90mm primary containment pipe and a 110mm secondary contain
DOWNERS GROVE, Ill., Oct. 24, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended September 30, Nine Months Ended September 30, ($ in millions, except per share data) 2024 2023 % Change* 2024 2023 % Change* U.S. GAAP Revenue $ 1,984 $ 1,958 1 % $ 5,816 $ 5,780 1 % Earnings from continuing operations 313 262 19 % 1,162 686 69 % Diluted EPS f
DOWNERS GROVE, Ill., Oct. 23, 2024 /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover (NYSE:DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of the Wayne PWR™ DC fast charger (Wayne PWR). This new electric vehicle charger (EVC) addresses critical market gaps in reliability and durability while offering an unmatched customer experience. Designed and manufactured in Austin, TX, for the U.S. market, Wayne PWR is National Electric Vehicle Infr
Kicks Off 100th Anniversary with New "Rotary Solutions" Brand DOWNERS GROVE, Ill., Oct. 22, 2024 /PRNewswire/ -- Rotary, part of Vehicle Service Group (VSG) and Dover (NYSE:DOV), today announced the launch of the Rotary® R1250 Automatic Leverless Pro Tire Changer, Rotary® ARO16 Four-Post Lift, Rotary® SLW210-AV WIDE SMARTLIFT® Inground Lift, and Chief® Phoenix Pulling Rack with Rolling Jacks. Designed to help expedite service times, increase shop efficiency and minimize downtime, each cutting-edge product bolsters the existing lines of premium vehicle lifts, A/C machines, wheel service equipment and collision diagnostic and repair tools.
DOWNERS GROVE, Ill., Oct. 17, 2024 /PRNewswire/ -- Markem-Imaje, part of Dover (NYSE:DOV) and a global provider of end-to-end supply chain solutions and industrial marking and coding systems, today announced the launch of a comprehensive array of digital, remote and on-site hardware services to further empower its customer base's production performance and uptime. This new portfolio of post-sales maintenance packages is tailored according to user needs and designed to satisfy Industry 4.0 demands for increased customization and reduce downtime through 24/7 remote digital assis
DOWNERS GROVE, Ill., Oct. 16, 2024 /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover (NYSE:DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of DX Rewards™, a groundbreaking loyalty offering available through the DFS Anthem UX® platform-based dispensers. Marking the next phase of the DFS Anthem Experience, DX Rewards is an online loyalty marketplace that integrates seamlessly with retailers' existing providers and programs to offer a perso
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DOWNERS GROVE, Ill., Nov. 7, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE:DOV) today declared a regular quarterly cash dividend of $0.515 (fifty-one and one-half cents) per share, payable on December 16, 2024, to shareholders of record as of November 29, 2024. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Eng
DOWNERS GROVE, Ill., Oct. 24, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended September 30, Nine Months Ended September 30, ($ in millions, except per share data) 2024 2023 % Change* 2024 2023 % Change* U.S. GAAP Revenue $ 1,984 $ 1,958 1 % $ 5,816 $ 5,780 1 % Earnings from continuing operations 313 262 19 % 1,162 686 69 % Diluted EPS f
DOWNERS GROVE, Ill., Oct. 9, 2024 /PRNewswire/ -- Dover (NYSE:DOV) announced today that it will release third quarter 2024 earnings at approximately 6:00 a.m. Central time (7:00 a.m. Eastern time) on Thursday, October 24, 2024. Later that morning, Dover will host a conference call at 8:30 a.m. Central time (9:30 a.m. Eastern time) to discuss these results. To participate in the conference call, please dial 1 (800) 245-3047 (domestic) or 1 (203) 518-9783 (international), conference ID DOVQ324. Due to the expected number of callers, please dial in at least 15 minutes before the
DOWNERS GROVE, Ill., Aug. 19, 2024 /PRNewswire/ -- Dover (NYSE: DOV) today announced that it has acquired Criteria Labs, Inc. ("Criteria Labs"), a leader in radio frequency "RF" device and microelectronic engineering solutions tailored for high-reliability applications in the space, aerospace, defense, commercial semiconductor, automotive, and medical industries. Criteria Labs is now part of the Microwave Products Group (MPG) within Dover's Engineered Products segment. The company's primary location in Austin, Texas, includes a large clean room dedicated to space test engineer
DOWNERS GROVE, Ill., Aug. 2, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE:DOV) today increased its quarterly cash dividend to $0.515 (fifty-one and one-half cents) per share, from the previous $0.51 (fifty-one cents) per share, an increase of $0.005 (one-half cent). This is the 69th consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders. This increased dividend will be paid on September 16, 2024, to shareholders of record as of August 30, 2024. Ab
DOWNERS GROVE, Ill., July 25, 2024 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the second quarter ended June 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended June 30, Six Months Ended June 30, ($ in millions, except per share data) 2024 2023 % Change* 2024 2023 % Change* U.S. GAAP Revenue $ 2,178 $ 2,100 4 % $ 4,272 $ 4,179 2 % Net earnings 282 242 16 % 914 471 94 % Diluted EPS 2.04 1.72 19 % 6.57 3.35 96 % Non-GAAP
DOWNERS GROVE, Ill., July 22, 2024 /PRNewswire/ -- Dover (NYSE:DOV) today announced that it has acquired Marshall Excelsior Company ("MEC") for $395M in cash. MEC will become part of the OPW Global ("OPW") operating unit within Dover's Clean Energy & Fueling segment ("DCEF"). Founded over 48 years ago and headquartered in Marshall, Michigan, MEC supplies highly-engineered flow control components for transportation, storage, and use of liquified petroleum gas and other industrial gases. MEC's comprehensive portfolio of fittings, adapters, valves, regulators, pigtails, gauges, a
Purchase price of $2.0 billion; $1.725 billion net of expected tax benefits Reduces cyclicality, delivers financial accretion and lowers capital intensity Unlocks ~$25 million of cost and revenue synergies by 2026 Enhances presence in attractive waste & recycling segment; expands North American addressable market Terex to host investor conference call to discuss transaction on July 22, 2024 at 8:30 a.m. Eastern NORWALK, Conn., July 22, 2024 /PRNewswire/ -- Terex Corporation (NYSE:TEX) (the "Company") today announced it has signed a definitive agreement to acquire Environmental Solutions Group ("ESG") from Dover Corporation (NYSE:DOV), in a $2.0 billion all-cash transaction. When adjusted f
DOWNERS GROVE, Ill., July 18, 2024 /PRNewswire/ -- Dover (NYSE:DOV) today announced that it has acquired Demaco Holland B.V. ("Demaco"). Demaco is now part of OPW's Clean Energy Solutions business ("OPW CES") within Dover's Clean Energy & Fueling segment. Demaco provides critical flow control components for cryogenic applications involving hydrogen and other industrial gases used in a wide range of end markets exposed to attractive growth trends, including clean energy, scientific research, and diversified industrial applications. Demaco manufactures a wide range of engineered
DOWNERS GROVE, Ill., July 9, 2024 /PRNewswire/ -- Dover Corporation (NYSE:DOV) announced today that it will release second quarter 2024 earnings at approximately 6:00 a.m. Central time (7:00 a.m. Eastern time) on Thursday, July 25, 2024. Later that morning, Dover will host a conference call at 8:30 a.m. Central time (9:30 a.m. Eastern time) to discuss these results. To participate in the conference call, please dial 1 (800) 343-4136 (domestic) or 1 (203) 518-9843 (international), conference ID DOVQ224. Due to the expected number of callers, please dial in at least 15 minutes b
Beacon (NASDAQ:BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422328918/en/Prithvi Gandhi, Beacon (Photo: Business Wire) Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove business insights and financial leverage resulting in improved
Michael F. Johnston appointed Lead Independent Director DOWNERS GROVE, Ill., Feb. 9, 2024 /PRNewswire/ -- Dover (NYSE:DOV) today announced that its Board of Directors has appointed President and Chief Executive Officer Richard J. Tobin to the additional role of Chairman of the Board. In addition, the independent directors of the Board have appointed the current Chairman, Michael F. Johnston, to the role of lead independent director. Both appointments are effective February 10, 2024. Mr. Tobin has served as a director since 2016 and as President and Chief Executive Officer since 2018. Mr. Johnston has served as Board Chairman since 2016 and as a director since 2013.
DOWNERS GROVE, Ill., Feb. 9, 2023 /PRNewswire/ -- Dover (NYSE:DOV) today announced the appointment of Michael Manley, Chief Executive Officer of AutoNation, Inc., to its Board of Directors, effective immediately. Mr. Manley will serve on the Board's Audit Committee and Finance Committee. "Mike is a highly accomplished business leader and we are pleased to welcome him to the Dover Board," said Richard J. Tobin, Dover's President and Chief Executive Officer. "Mike has successfully managed a wide array of business models over his career with an exemplary track record of sharehold
CHICAGO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius"), a cloud manufacturing and digital supply chain company, today announced the appointment of Prithvi Gandhi as Chief Financial Officer. Gandhi has more than 25 years of leadership experience within finance, most recently serving as Interim CFO at Owens Corning (NYSE:OC), a global Fortune 500 building and industrial materials company. During his seven-year tenure at Owens Corning, he also held the roles of VP, corporate strategy and financial planning and VP, corporate development. Prior to Owens Corning, Gandhi worked in financial leadership roles for Dover Corporation (NYSE:DOV) and Zebra Technologies Corporation
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UBS initiated coverage of Dover with a rating of Neutral and set a new price target of $217.00
Wolfe Research upgraded Dover from Peer Perform to Outperform and set a new price target of $227.00
Seaport Research Partners upgraded Dover from Neutral to Buy and set a new price target of $190.00
Credit Suisse initiated coverage of Dover with a rating of Outperform and set a new price target of $171.00
Barclays downgraded Dover from Overweight to Equal Weight and set a new price target of $160.00 from $190.00 previously
Morgan Stanley reiterated coverage of Dover with a rating of Equal-Weight and set a new price target of $196.00 from $194.00 previously
Morgan Stanley reiterated coverage of Dover with a rating of Equal-Weight and set a new price target of $194.00 from $190.00 previously
Oppenheimer upgraded Dover from Perform to Outperform and set a new price target of $205.00
Barclays reiterated coverage of Dover with a rating of Overweight and set a new price target of $206.00 from $185.00 previously
Wells Fargo upgraded Dover from Underweight to Equal-Weight and set a new price target of $184.00 from $165.00 previously
Dover's President and Chief Executive Officer, Richard J. Tobin, said, "Order trends continued their positive trajectory, bolstering our confidence in the second half outlook." "We are approaching the second half of 2024 constructively. Underlying end market demand is healthy and is supported by our sustained order rates. We are committed to achieving our full year guidance through a combination of organic growth, operational execution, and productive capital deployment."
Dover (NYSE:DOV) reported quarterly earnings of $2.36 per share which beat the analyst consensus estimate of $2.21 by 6.79 percent. This is a 15.12 percent increase over earnings of $2.05 per share from the same period last year. The company reported quarterly sales of $2.178 billion which beat the analyst consensus estimate of $2.148 billion by 1.42 percent. This is a 3.71 percent increase over sales of $2.100 billion the same period last year.
Baird analyst Michael Halloran maintains Dover (NYSE:DOV) with a Outperform and maintains $208 price target.
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell sharply during Monday’s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world. Selective Insurance Group shares dipped 13.2% to $264.65 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2. CareMa
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of IQVIA Holdings Inc. (NYSE:IQV) rose sharply during Monday's session after the company released better-than-expected second-quarter financial results and raised its 2024 guidance. IQVIA reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57. Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion, according to data from Benzinga Pro. IQVIA Holdings shares jumped 7.4% to $241.07 on Monday. Here are some other big stocks recording gains in today’s session. Tellurian Inc. (NASDAQ:TELL) shares surged 64.5% to
Terex Corporation (NYSE:TEX) shares are trading higher after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE:DOV) in a $2.0 billion all-cash transaction. Based in Chattanooga, Tennessee, ESG provides refuse collection vehicles, compactors, and balers, as well as related aftermarket equipment and digital offerings, including onboard vehicle safety systems, route management, predictive maintenance, and customer relationship management software. In 2023, ESG generated approximately $750 million of revenue. When adjusted for the present value of expected tax benefits of about $275 million, the purchase price is $1.725 billion. This repre
Purchase price of $2.0 billion; $1.725 billion net of expected tax benefits Reduces cyclicality, delivers financial accretion and lowers capital intensity Unlocks ~$25 million of cost and revenue synergies by 2026 Enhances presence in attractive waste & recycling segment; expands North American addressable market