Dover Corp (DOV) - NYSE
  • Yesterday, 7:58 AM
    • April monthly performance was: +0.8%
    • AUM of $65.8B
    • $0.21 in dividends were paid in April
    • Top 10 Holdings as of 3/31/2016: Nucor Corp (NUE): 2.38%, Emerson Electric Co (EMR): 2.24%, Illinois Tool Works Inc (ITW): 2.22%, W.W. Grainger Inc (GWW): 2.22%, Genuine Parts Co (GPC): 2.22%, Pentair PLC (PNR): 2.19%, Leggett & Platt Inc (LEG): 2.19%, McCormick & Co Inc Non-Voting (MKC): 2.17%, Air Products & Chemicals Inc (APD): 2.15%, Dover Corp (DOV): 2.15%
    | Yesterday, 7:58 AM
  • Thu, Apr. 21, 6:57 AM
    • Dover (NYSE:DOV): Q1 EPS of $0.52 misses by $0.08.
    • Revenue of $1.62B (-5.8% Y/Y) beats by $30M.
    • Press Release
    | Thu, Apr. 21, 6:57 AM
  • Wed, Apr. 20, 5:30 PM
    | Wed, Apr. 20, 5:30 PM | 11 Comments
  • Mon, Mar. 14, 6:09 PM
    • Dover (NYSE:DOV) -2.1% AH after saying its oil and gas related markets have weakened, pushing the company's Q1 financial results "well below prior expectations."
    • DOV says it is increasing its restructuring and cost management activities to help mitigate the impact of the historically weak market conditions.
    • DOV says sales of its food and refrigeration equipment "remained very solid" in Q1.
    | Mon, Mar. 14, 6:09 PM
  • Tue, Jan. 26, 8:47 AM
    • Earnings from continuing operations of $136.6M vs. $171.8M in the prior year period. Adjusted EPS from continuing operations was $0.81 vs. $1.01 a year ago.
    • "Fourth quarter and full year results continued to be impacted by tough business conditions, particularly in oil & gas markets," CEO Robert Livingston said. "Regarding 2016, we are reaffirming EPS to be in the range of $3.85-$4.05. This guidance reflects a lower revenue forecast driven by weaker oil & gas markets."
    • Q4 results
    | Tue, Jan. 26, 8:47 AM
  • Tue, Jan. 26, 7:02 AM
    • Dover (NYSE:DOV): Q4 EPS of $0.81 beats by $0.06.
    • Revenue of $1.69B (-14.6% Y/Y) beats by $20M.
    | Tue, Jan. 26, 7:02 AM | 1 Comment
  • Mon, Jan. 25, 5:30 PM
    | Mon, Jan. 25, 5:30 PM | 13 Comments
  • Thu, Jan. 7, 8:22 AM
    • Dover (NYSE:DOV) has completed the previously announced acquisition of Tokheim's dispenser and system businesses, which will become part of OPW, a business unit within Dover's Fluids segment.
    • The company expects the deal to add ~$0.07 to operating EPS in 2016 and $0.21 to operating EPS in 2017.
    • Previously: Dover to buy fuel dispenser business for €425M (Sep. 08 2015)
    | Thu, Jan. 7, 8:22 AM
  • Dec. 15, 2015, 4:45 PM
    • Dover (NYSE:DOV) -1.9% AH after issuing downside guidance for FY 2015, seeing EPS of $3.62 from prior guidance of $3.73-$3.80, which may not be comparable to $3.74 analyst consensus estimate.
    • DOV cites weaker market conditions and internal restructuring for the reduced outlook; guidance includes ~$0.07/share in acquisition-related costs and incremental restructuring.
    • DOV issues in-line guidance for FY 2016, seeing EPS of $3.85-$.05 vs. $4.02 analyst consensus, based on expected full-year revenue growth of 2%-5%, comprised of a flat to 3% decline in organic revenue, acquisition growth of 7% and a 2% impact from currency.
    | Dec. 15, 2015, 4:45 PM | 2 Comments
  • Nov. 20, 2015, 11:30 AM
    • Market growth remains challenging whether there is an industrial recession or not, so investors should focus on stocks with strong end markets, particularly Allegion (ALLE +0.3%) and Danaher (DHR +0.5%), Bernstein's Steven Winoker says.
    • Other stocks in a lower but still generally favorable tier include General Electric (GE +0.8%), Honeywell (HON +0.9%), Ingersoll-Rand (IR +0.9%) and 3M (MMM +0.7%), as these companies are exposed to favorable end markets but also to meaningfully weak markets, the analyst says.
    • Aside from their portfolio transformations, DHR and GE have benefited and should continue to benefit from their above-average growth profiles in the current low-growth environment, Winoker says.
    • Energy-heavy Dover (DOV +0.2%), Pentair (PNR +0.4%) and Emerson Electric (EMR +0.2%) remain the most challenged, according to Winoker, while Eaton (ETN +1.1%), Rockwell Automation (ROK +0.5%) and Tyco (TYC -0.2%) have a mix of tailwinds and headwinds, with the former more challenged on hydraulics/trucks and the latter two on energy.
    • Winoker sees limited downside for DOV, which is highly linked to crude oil prices but is performing well in the ~80% of its portfolio not linked to oil.
    • Earlier: Low expectations are no longer enough for multi-industry stocks, analyst says (Nov. 19)
    | Nov. 20, 2015, 11:30 AM | 3 Comments
  • Oct. 22, 2015, 8:49 AM
    • Dover (NYSE:DOV) completes its previously announced acquisition of JK Group, a manufacturer of inks and consumables, which will become an operating company within the company's Engineered Systems unit.
    | Oct. 22, 2015, 8:49 AM
  • Oct. 20, 2015, 7:00 AM
    • Dover (NYSE:DOV): Q3 EPS of $1.14 beats by $0.07.
    • Revenue of $1.79B (-14.4% Y/Y) misses by $20M.
    | Oct. 20, 2015, 7:00 AM
  • Oct. 19, 2015, 5:30 PM
  • Sep. 8, 2015, 7:57 AM
    • Dover Corp. (NYSE:DOV) agrees to acquire part of French gasoline station equipment provider Tokheim Group's fuel dispenser and systems businesses for €425M ($473.5M) to expand its fluids division.
    • Tokheim's sales and service divisions are not a part of the deal and will become a stand-alone company remaining with current owners Motion Equity Partners.
    • DOV expects the deal to add ~$0.07 to operating EPS in 2016 and $0.21 to operating EPS in 2017.
    | Sep. 8, 2015, 7:57 AM
  • Sep. 3, 2015, 3:12 PM
    • How bad a year has it been for multi-industry stocks? Year-to-date underperformance relative to the S&P 500 is among the poorest in a decade and has gotten worse in recent weeks, say Goldman analyst Joe Ritchie and team. The negative news is no secret: Broad industrial de-stock, softening oil capex, the strong dollar, and the troubles in China. Because of this, the team remains Neutral on the beaten-up sector, but does have a few names investors should steer clear of:
    • With de-stock keeping U.S. industrial growth in a "headlock," the implications are particularly negative for Sell-rated Emerson Electric (NYSE:EMR), WW Grainger (NYSE:GWW), and Neutral-rated Parker-Hannifin (NYSE:PH) and Rockwell Automation (NYSE:ROK).
    • With oil capex going from bad to worse, and oil lower for longer, the Street is underestimating the impact of price declines for Dover (NYSE:DOV), Emerson, and Flowserve (NYSE:FLS). On the flip side, lower input costs should be a boon to Buy-rated Illinois Tool Works (NYSE:ITW) and Neutral-rated 3M (NYSE:MMM).
    • The weaker China backdrop is most negative for Emerson, and Neutral-rated Eaton (NYSE:ETN) and Colfax (NYSE:CFX). Though Buy-rated Honeywell (NYSE:HON) and ITT Corp (NYSE:ITT) have exposure, growth is more insulated due to their market share gains.
    • Source: Barron's Ben Levinsohn
    • ETFs: XHB, ITB, XLI, PHO, IYT, ITA, VIS, PPA, XTN, XAR, FIDU, PKB, IYJ, FXR, UXI, PRN, RGI, SIJ, PSCI, AIRR
    | Sep. 3, 2015, 3:12 PM | 11 Comments
  • Aug. 31, 2015, 7:40 AM
    • Bernstein upgrades Dover (NYSE:DOV) to Outperform from Market Perform, stating that the company's "oil related headwinds" have bottomed, its non-energy businesses should rebound, and its free cash flow generation is "solid."
    • The research firm also believes that Dover's restructuring will bolster its margins, despite the stock falling 31% over the past year. Price target has been raised to $73 from $70.
    | Aug. 31, 2015, 7:40 AM | 1 Comment
Company Description
Dover Corp. manufactures and offers innovative equipment, components, and specialty systems. It's also provides supporting engineering, testing, and other similar services. It operates its business through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The... More
Industry: Diversified Machinery
Country: United States