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 |
---|---|---|---|
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 |
12/17/2021 | $195.00 | Buy | Mizuho |
12/10/2021 | $187.00 → $178.00 | Hold | Deutsche Bank |
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
DOWNERS GROVE, Ill., Sept. 4, 2024 /PRNewswire/ -- Advansor, part of Dover Food Retail and Dover (NYSE:DOV), today announced the launch of a new range of CO2 climate solution enclosures for supermarkets, cold storage and industrial applications that help provide faster on-site installation and flexible outdoor placement options. The entire heating and cooling rack, including modules, can now be mounted in the new enclosure. This helps to ensure a fast installation on-site and makes it possible to place the solution outside to free up more indoor space. "With the rack mounted i
DOWNERS GROVE, Ill., Aug. 28, 2024 /PRNewswire/ -- Rotary, part of Vehicle Service Group (VSG) and Dover (NYSE:DOV), today announced the launch of its Rotary® Flex MAX™ Linker. Utilizing the latest Rotary technology, the Flex MAX Linker allows automotive technicians to quickly, easily and safely connect and control up to 18 Rotary Flex MAX mobile column lifts using a single remote. This innovation facilitates lifting large-scale vehicles such as heavy-duty trucks, multi-axle buses, coaches, and railway wagons. "We are proud to offer a product that brings unprecedented convenie
DOWNERS GROVE, Ill., Aug. 21, 2024 /PRNewswire/ -- Anthony, part of Dover Food Retail and Dover (NYSE:DOV) and a leading manufacturer of glass refrigerator and freezer doors, lighting systems and display equipment for use in commercial refrigeration systems, today announced the launch of its all-new Infinity® MAX Walk-In Cooler Doors. The Infinity MAX helps food retailers create an elevated and convenient shopping experience by providing maximum end-to-end walk-in cooler merchandise visibility and easy product accessibility. "Our new Infinity MAX doors make shopping feel eleg
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. 14, 2024 /PRNewswire/ -- Hydro, part of PSG and Dover (NYSE:DOV), today announced the launch of its new EvoDose NXT Chemical Dispenser. Available for use in the European, Middle Eastern and African (EMEA) facility cleaning, kitchen and healthcare markets, the EvoDose NXT is designed to deliver highly accurate dilution of concentrated chemicals to sinks, buckets, bottles and other containers. Backed by 30 years of experience and success in the chemical-dispensing market, the Hydro EvoDose NXT is a next-generation chemical dilution system that introduce
DOWNERS GROVE, Ill., Aug. 12, 2024 /PRNewswire/ -- Dover (NYSE:DOV) today announced that it has acquired SPS Cryogenics B.V. ("SPS") and its affiliated business, Special Gas Systems (SGS) B.V. ("SGS"), located in Heerhugowaard, the Netherlands. SPS and SGS are now part of OPW's Clean Energy Solutions business ("OPW CES") within Dover's Clean Energy & Fueling segment. SPS and SGS design, manufacture, and supply vacuum-insulated piping systems for a wide variety of liquified gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. SPS and SGS bring a complementar
DOWNERS GROVE, Ill., Aug. 7, 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 its PetroVend Synergy Fuel Site Controller™ (PetroVend Synergy FSC™), a singular platform to support fleet operations. PetroVend Synergy FSC consolidates multiple functionalities, including advanced Proprietary Card File (PCF) capabilities, into a streamlined package, offering fleet operators unprecedented control, flexibility and efficiency.
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
SumoFlo CELE-8103-D Integral Display Transmitter offers reliable and instantaneous process metrics DOWNERS GROVE, Ill., July 24, 2024 /PRNewswire/ -- PSG Biotech, part of PSG and Dover (NYSE:DOV) and a leading provider of pump and flow meter technologies for use in life science and biopharmaceutical process applications, today announced the release of the new SumoFlo® CELE-8103-D Integral Display Transmitter for its patented single-use Coriolis flow sensors. The SumoFlo CELE-8103-D is a smart device featuring a four-line display. When paired with a flow sensor, it provides a d
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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
Mizuho initiated coverage of Dover with a rating of Buy and set a new price target of $195.00
Deutsche Bank reiterated coverage of Dover with a rating of Hold and set a new price target of $178.00 from $187.00 previously
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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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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
DOWNERS GROVE, Ill., May 3, 2024 /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE:DOV) today declared a regular quarterly cash dividend of $0.51 (fifty-one cents) per share, payable on June 14, 2024, to shareholders of record as of May 31, 2024. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean
DOWNERS GROVE, Ill., April 25, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the first quarter ended March 31, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended March 31, ($ in millions, except per share data) 2024 2023 % Change* U.S. GAAP Revenue $ 2,094 $ 2,079 1 % Net earnings 632 229 177 % Diluted EPS 4.52 1.63 177 % Non-GAAP Organic revenue change (1) % Adjusted net earnings 1 273 273 — % Adjusted diluted EPS 1.95 1.94 1 % 1 Q
DOWNERS GROVE, Ill., April 9, 2024 /PRNewswire/ -- Dover Corporation (NYSE: DOV) announced today that it will release first quarter 2024 earnings at approximately 6:00 a.m. Central time (7:00 a.m. Eastern time) on Thursday, April 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) 343-4849 (domestic) or 1 (203) 518-9856 (international), conference ID DOVQ124. Due to the expected number of callers, please dial in at least 15 minutes