Dover Corp Stock Price, News & Analysis

Metcal, part of Dover (NYSE: DOV), has announced patent pending software upgrades for its GT90 and GT120 soldering systems. These systems uniquely combine inductive heating technology with adjustable temperature control, offering superior performance compared to traditional resistive systems. The upcoming software will enable users to set precise temperature profiles, enhancing soldering outcomes for temperature-sensitive components. The upgrades become available in June 2021 and will be downloadable directly from the Metcal website, reinforcing Metcal's leading position in the soldering technology market.

On June 9, 2021, Blackmer, a Dover company (NYSE: DOV), announced the launch of its new sliding vane pump, the TLGLF3HD. This pump is designed for reliable and safe transportation of liquid petroleum gas (LPG) via bobtails and transport trucks. Key features include a 55% increase in flow rate compared to previous models and self-adjusting vanes that enhance performance. The TLGLF3HD minimizes equipment wear and optimizes loading times, thus becoming the preferred choice for LPG transport solutions.

Dover's subsidiary, SWEP, has been awarded the AHRI Certification Performance Award for the third consecutive year, recognizing its 100% success rate in testing for brazed plate heat exchangers (BPHEs). All 15 units tested from 2018 to 2020 passed, demonstrating SWEP's commitment to quality in HVAC applications. Currently, there are 46 AHRI-certified BPHEs on the market. The certification ensures accurate performance ratings, aiding customers in selecting reliable products for their heating and cooling needs.

On May 26, 2021, Destaco, a subsidiary of Dover (NYSE: DOV), announced the launch of the RFM/RCM Series, innovatively designed pivot units. These air-powered units feature adjustable opening angles for enhanced flexibility and can be installed both horizontally and vertically, making them suitable for various applications, including welding and assembly. The series emphasizes compact design and includes a patented locking system for improved safety. Destaco continues to serve diverse industries, including automotive and aerospace, with high-performance automation solutions.

Dover (NYSE: DOV) has announced the launch of the SmartDate® Xtreme Plus printhead by its subsidiary Markem-Imaje. This printhead is designed for high-speed, high resin coding, particularly beneficial for the food and pharmaceutical sectors. It operates at speeds of up to 600 mm/s, significantly enhancing production throughput. Unlike competitors, the SmartDate Xtreme Plus includes a six-month or 40-kilometer warranty, promising 60% more trouble-free coding. The printhead is compatible with new SmartDate X65 coders and can be retrofitted to existing units.

Dover Fueling Solutions (DFS) announced the launch of DX Retail™, a new solution for managing Tokheim Fuel point-of-sale (POS) systems. This innovative platform leverages Microsoft Azure technology to enable simultaneous updates across multiple sites, enhancing operational efficiency and security. Retailers can manage updates and access reporting features remotely, promoting substantial time savings. Early deployment in the European market shows strong interest, with multiple clients committed to adoption this year.

The Board of Directors of Dover has declared a quarterly cash dividend of $0.495 per share, payable on June 15, 2021, to shareholders of record as of May 28, 2021. Dover, headquartered in Downers Grove, Illinois, is a diversified global manufacturer with approximately $7 billion in annual revenue, offering innovative solutions across five operating segments. This dividend reflects Dover's commitment to returning value to its shareholders.

On May 5, 2021, Dover announced the launch of the Wilden Equalizer® Surge Dampeners - Integrated SD Series. These new dampeners, available in multiple sizes, are engineered to minimize fluid pressure fluctuations at the pump's discharge. This enhancement is designed to protect system equipment, extend the lifespan of Wilden air-operated double-diaphragm pumps, and improve overall efficiency. The ISD Series features a robust metal construction and is suitable for various industries including oil, gas, and chemicals.

Dover (NYSE: DOV) announced that Richard J. Tobin, President and CEO, will present at the virtual Goldman Sachs Industrials and Materials Conference on May 11, 2021, at 9:40 am ET. A live audio webcast of the presentation will be available on dovercorporation.com and will be archived for 90 days. Dover is a global manufacturer with an annual revenue of around $7 billion, operating through five segments. The company focuses on innovative equipment, components, and digital solutions, employing approximately 24,000 people globally.