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Dover Corporation - DOV STOCK NEWS

Welcome to our dedicated page for Dover Corporation news (Ticker: DOV), a resource for investors and traders seeking the latest updates and insights on Dover Corporation stock.

Dover Corporation (NYSE: DOV) is a diversified global manufacturer known for delivering innovative equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. Headquartered in Downers Grove, Illinois, Dover operates through five key segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. With annual revenues exceeding $8 billion, Dover combines its global scale with operational agility to lead the markets it serves.

Dover's Engineered Products segment focuses on the creation of specialized equipment and components for a variety of industries including automotive, aerospace, and industrial machinery. The Clean Energy & Fueling segment addresses the growing demand for sustainable energy solutions through innovative products and services related to LPG, LNG, and hydrogen fueling.

The Imaging & Identification segment provides advanced marking and coding solutions for product identification and traceability. This segment includes Markem-Imaje, which recently launched a versatile new opaque white ink compatible with its extruded product coders.

Dover's Pumps & Process Solutions segment is renowned for its reliable pumps and flow control solutions, catering to sectors such as biopharma, food and beverage, and industrial markets. Climate & Sustainability Technologies includes refrigeration and food equipment businesses, highlighting Dover's commitment to sustainability.

Recent achievements include the launch of the RegO Presto-Link device and mobile app integration, which enhances the speed and accuracy of LPG container testing, and the introduction of new products by Vehicle Service Group (VSG) to cater to the EMEA region's automotive equipment market. Additionally, Dover announced a successful financial performance for the first quarter of 2024, with revenues reaching $2.1 billion, demonstrating steady growth and strong market presence.

Dover's entrepreneurial approach, cultivated over 65 years, and its team's ownership mindset foster collaboration with customers to redefine what's possible. The company is recognized for its market leadership and continuous innovation across its diverse business segments.

News

Dover Declares Regular Quarterly Cash Dividend

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Dover (DOV) declares a regular quarterly cash dividend of $0.51 per share, payable on March 15, 2024, to shareholders of record as of February 29, 2024.
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Dover Reports Fourth Quarter and Full Year 2023 Results

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Dover, a diversified global manufacturer, reported its financial results for the fourth quarter and full year ended December 31, 2023. Revenue for the quarter was $2.1 billion, a 2% decrease, while net earnings increased by 12%. For the full year, revenue decreased by 1%, with net earnings increasing by 1%. Adjusted net earnings for the year increased by 2%, and adjusted diluted EPS was up by 4%. Dover's President and CEO, Richard J. Tobin, expressed confidence in the company's ability to deliver long-term value creation for shareholders through top-line growth, capital allocation, and portfolio enhancement. The company expects to generate GAAP EPS in the range of $7.90 to $8.10 for 2024.
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Dover Acquires Bulloch Technologies, Inc., a Leading Provider of Point-of-Sale Solutions to the Convenience Retail Industry

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Dover (NYSE: DOV) has completed the acquisition of Bulloch Technologies, Inc. for CAD150 million, with additional contingent consideration tied to future business growth. Bulloch will become part of Dover Fueling Solutions, serving many of the largest retailers in Canada and processing over $35 billion in sales annually.
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Rotary Releases Revolutionary, Patent-Pending, All-Vehicle Lift Arms

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Rotary®, part of Vehicle Service Group™ (VSG) and Dover (NYSE: DOV), has launched patent-pending All-Vehicle (AV) lift arms, designed to make it easier for automotive service professionals to correctly spot and lift nearly any vehicle make and model, including next-generation electric vehicles (EVs), using a single lift. The arms allow for maximum reach and retraction to properly lift all vehicles within the rated lift capacity using OEM recommended pick up points. The unique arm design eliminates the need to re-spot vehicles to reach OEM recommended pick up points. The launch of the AV lift arms aims to help automotive service shops prepare to service more vehicles, optimize operations, and increase profits.
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Markem-Imaje Launches Breakthrough Trigger Device for Portable Coding and Marking

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Markem-Imaje, a part of Dover (NYSE: DOV), has launched a Marking Trigger Device that enhances the flexibility of its equipment for direct coding on a wide range of surfaces and sizes, including objects as large as aircraft wings. The device, invented by a Markem-Imaje product expert, enables direct coding onto an object regardless of its position or environmental conditions. This innovation empowers customers to easily and cost-effectively print on objects that were previously difficult to reach, providing enhanced flexibility for difficult-to-reach objects and is a productive, intuitive, and cost-effective coding and rework solution.
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Dover Announces Acquisition of Transchem Group, a Leading Provider of Car Wash Chemicals and Water Reclaim Systems

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Dover (DOV) has completed the acquisition of Transchem Group, a major supplier of car wash chemistry and solutions in North America. This acquisition strengthens Dover's Clean Energy & Fueling segment through the addition of Transchem's high-performance cleaning and chemical solutions, including the premium Turtle Wax® Pro product line and technology platforms. The acquisition also enhances OPW VWS's product portfolio, offering a comprehensive range of wash systems, payment terminals, process controls, and now chemistry and water reclaim systems.
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OPW Retail Fueling Introduces Pre-Plumbed DSE Dispenser Sump

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OPW Retail Fueling, a part of Dover (NYSE: DOV), has announced the availability of the Pre-Plumbed DSE Dispenser Sump, the newest addition to its E-Series Fiberglass Containment Sump family. This new sump is designed to save time, reduce installation variability, and cut down on installation costs for fuel-site operators. The Pre-Plumbed DSE features factory-tested and assembled components, including stabilizer bars, emergency shut-off valves, fiberglass dispenser sump base, entry fittings, flex connectors, and UL/ULc listed fiberglass sump and components. It can be ordered and configured for specific sites or piping layouts, making it easy to order and resulting in fewer loose parts to keep track of on a job site. For more information, visit opwglobal.com/opw-retail-fueling.
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Dover Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast

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Dover (DOV) to Release Fourth Quarter 2023 Earnings on February 1, 2024
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Dover Fueling Solutions Collaborates with Click & Find to Deliver Fuel Transportation Volume Monitoring and Tracking Solution Across EMEA Region

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Dover Fueling Solutions (DFS) collaborates with Click & Find to deliver a cutting-edge fuel transportation volume monitoring and tracking solution across the European, Middle East and Africa (EMEA) region. The solution enables fuel retailers and transportation companies to monitor loading and unloading activities, ensure accurate fuel deliveries, and mitigate risks and theft. DFS VP of Global Business Development, Kurt Dillen, highlights the tailored solutions designed to meet the needs of customers in Europe, the Middle East, and Africa. The collaboration aims to provide industry-leading security and reassurance to fuel retailers throughout the transportation process until delivery at the service station.
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Markem-Imaje Achieves BRC Global Standard Grade AA Packaging Materials Certification

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Markem-Imaje (DOV) receives BRC Global Standard Grade AA Packaging Materials Certification for its manufacturing site in Bourg-Lès-Valence, France. The certification reflects the company's commitment to food safety and compliance in marking and coding ink production, meeting increasing demand for high-quality standards. Markem-Imaje is the first coding company in Europe to achieve this certification, demonstrating its dedication to innovation and market-wide standards.
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FAQ

What is the current stock price of Dover Corporation (DOV)?

The current stock price of Dover Corporation (DOV) is $201.18 as of November 15, 2024.

What is the market cap of Dover Corporation (DOV)?

The market cap of Dover Corporation (DOV) is approximately 27.8B.

What does Dover Corporation do?

Dover Corporation is a diversified global manufacturer that provides innovative equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services across various industries.

Where is Dover Corporation headquartered?

Dover Corporation is headquartered in Downers Grove, Illinois, USA.

What are the key segments of Dover Corporation?

Dover operates through five key segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies.

How much annual revenue does Dover Corporation generate?

Dover Corporation generates annual revenues exceeding $8 billion.

What recent developments has Dover Corporation announced?

Recent developments include the launch of the RegO Presto-Link device and mobile app integration, and new automotive equipment products by Vehicle Service Group (VSG) for the EMEA market.

What is the stock symbol for Dover Corporation?

Dover Corporation trades on the New York Stock Exchange under the symbol 'DOV'.

How long has Dover Corporation been in operation?

Dover Corporation has been recognized for its entrepreneurial approach for over 65 years.

How can I find more information about Dover Corporation?

Additional information about Dover Corporation can be found on their official website: www.dovercorporation.com.

What is the RegO Presto-Link device?

The RegO Presto-Link device, recently launched by Dover, is designed to enhance the speed, accuracy, and efficiency of LPG container and regulator testing.

What are Dover Corporation's latest financial results?

For the first quarter of 2024, Dover reported revenues of $2.1 billion, showcasing a 1% increase compared to the prior year's period.

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Dover Corporation

NYSE:DOV

DOV Rankings

#427 Ranked by Market Cap
#1799 Ranked by Dividends

DOV Stock Data

27.79B
137.19M
0.43%
87.01%
1.02%
Specialty Industrial Machinery
Construction, Mining & Materials Handling Machinery & Equip
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United States of America
DOWNERS GROVE