Dover Raises FY24 Adjusted EPS Outlook From $9.00 - $9.15 To $9.05 - $9.20 (Est $9.10); Revises Revenue Growth Forecast From 2% - 4% To 3% - 4%

7/25/24 6:39:08 AM ET

Industrial Machinery/Components

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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."

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Recent Analyst Ratings for
$DOV

Date	Price Target	Rating	Analyst
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

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$DOV
Financials

Live finance-specific insights

Dover Reports Third Quarter 2024 Results
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
10/24/24 6:30:00 AM ET
$DOV
Industrial Machinery/Components
Industrials
Dover Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast
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
10/9/24 4:15:00 PM ET
$DOV
Industrial Machinery/Components
Industrials
Dover Acquires Criteria Labs, a Leading Provider of RF Device and Microelectronic Engineering Solutions
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
8/19/24 7:00:00 AM ET
$DOV
Industrial Machinery/Components
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$DOV
Leadership Updates

Live Leadership Updates

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer
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
4/22/24 4:30:00 PM ET
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Dover Board Appoints Richard J. Tobin as Chairman
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.
2/9/24 4:45:00 PM ET
$DOV
Industrial Machinery/Components
Industrials
Dover Board Elects Michael Manley As New Independent Director
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
2/9/23 4:15:00 PM ET
$DOV
Industrial Machinery/Components
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KPS Introduces New 3" Conductive High Density Polyethylene Double Wall Piping System
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
10/30/24 4:15:00 PM ET
$DOV
Industrial Machinery/Components
Industrials
Dover Reports Third Quarter 2024 Results
DOWNERS GROVE, Ill., Oct. 24, 2024 /PRNewswire/ -- Dover (NYSE:DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2024. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. Three Months Ended September 30, Nine Months Ended September 30, ($ 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
10/24/24 6:30:00 AM ET
$DOV
Industrial Machinery/Components
Industrials
Dover Fueling Solutions Launches Wayne PWR, A New Electric Vehicle Charger
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
10/23/24 4:15:00 PM ET
$DOV
Industrial Machinery/Components
Industrials

Dover Raises FY24 Adjusted EPS Outlook From $9.00 - $9.15 To $9.05 - $9.20 (Est $9.10); Revises Revenue Growth Forecast From 2% - 4% To 3% - 4%

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Recent Analyst Ratings for $DOV

$DOV Financials

Live finance-specific insights

Dover Reports Third Quarter 2024 Results

Dover Announces Third Quarter 2024 Earnings Release Date, Conference Call and Webcast

Dover Acquires Criteria Labs, a Leading Provider of RF Device and Microelectronic Engineering Solutions

$DOV Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Senior VP & CFO Cerepak Brad M sold $2,593,150 worth of shares (14,818 units at $175.00), decreasing direct ownership by 55% to 12,324 units (SEC Form 4)

Senior VP & CFO Cerepak Brad M returned $2,471,746 worth of shares to the company (13,395 units at $184.53), covered exercise/tax liability with 11,787 shares and exercised 40,000 shares at a strike of $61.79, increasing direct ownership by 120% to 27,142 units (SEC Form 4)

SVP, General Counsel & Secr. Cabrera Ivonne M sold $225,700 worth of shares (1,220 units at $185.00), decreasing direct ownership by 3% to 47,060 units (SEC Form 4)

$DOV Leadership Updates

Live Leadership Updates

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

Dover Board Appoints Richard J. Tobin as Chairman

Dover Board Elects Michael Manley As New Independent Director

$DOV Market Insights

Live Market Insights

Dover shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.