Dover Corp(DOV)- NYSE
  • Mon, Aug. 29, 7:43 AM
    • Dover (NYSE:DOV) had declared $0.44/share quarterly dividend, 4.8% increase from prior dividend of $0.42.
    • Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 29.
    | Mon, Aug. 29, 7:43 AM
  • Thu, Jul. 21, 7:42 AM
    • Net earnings of $118.3M, or $0.76 per share vs. $332.4M, or $2.07 per share in the same period a year ago.
    • "Our second quarter results, excluding deal costs and certain one-time items, were generally in-line with our expectations, but disappointing nonetheless," CEO Robert Livingston said. "In total, full year EPS is expected to be in the range of $3.35-$3.45, as compared to the prior forecast of $3.51-$3.66."
    • Q2 results
    | Thu, Jul. 21, 7:42 AM
  • Thu, Jul. 21, 6:49 AM
    • Dover (NYSE:DOV): Q2 EPS of $0.76 misses by $0.09.
    • Revenue of $1.69B (-4.0% Y/Y) misses by $20M.
    • Press Release
    | Thu, Jul. 21, 6:49 AM
  • Wed, Jul. 20, 5:30 PM
    | Wed, Jul. 20, 5:30 PM | 13 Comments
  • Fri, Jun. 10, 3:39 PM
    • Dover (DOV -1.9%) is lower despite earning an upgrade to Outperform from Market Perform with an $87 price target at Bernstein, which believes the oil-related headwinds the company has been experiencing have peaked.
    • DOV's non-oil business now accounts for 93% of its earnings, up from ~60% previously, and Bernstein expects the units to generate low to mid single digit percentage organic growth.
    • The firm says it is extremely upbeat about DOV's acquisition of Wayne Fueling Systems, believing the deal increases the value of the stock by $7/share.
    | Fri, Jun. 10, 3:39 PM
  • Thu, Jun. 9, 9:04 AM
    • Dover (NYSE:DOV) agrees to acquire Wayne Fueling Systems from Riverstone Holdings for $780M, a move the company says will expand its position in the global retail fueling market.
    • Wayne is a provider of fuel dispensing, payment, systems and aftermarket services for retail and commercial fuel stations; the company's 2016 revenue is estimated at ~$550M.
    • DOV expects the deal to be modestly accretive to continuing EPS in 2017.
    | Thu, Jun. 9, 9:04 AM
  • Mon, May 2, 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%
    | Mon, May 2, 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 | 13 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