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DOV

Dover Corp

6/19/2013, 6:31 AM ET

Quote & Headlines Market Currents StockTalk

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| Dividends
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Thursday, May 23, 12:13 PM Dover (DOV +4.8%) is upgraded to Buy from Neutral with a $90 price target at BAML following news it is spinning its Knowles and Sound Solutions businesses into a new public company. The firm had been concerned about DOV's exposure to Nokia (NOK) and Blackberry (BBRY) platforms as well as the pace of the value ramp up on Apple's (AAPL) iPhone. Comment! [Tech, Quick Ideas, On the Move]
Thursday, May 23, 7:44 AM Dover (DOV) will spin off certain of its communication technologies businesses into a standalone, publicly traded company. The transaction should be completed early next year. Upon completion, Dover's annual revenue, on a pro-forma basis for 2013, will be $7.4B-$7.6B. Comment! [Tech]
Wednesday, April 17, 7:56 AM More on Dover's (DOV) Q1 results: Energy and engineered-systems revenue were both up 5.6%. Gross margin slipped to 38.1% from 38.2%. Reaffirms guidance for FY13, seeing EPS of $5.05-$5.35 vs. $5.24 consensus Estimate and revenues growing 7%-9%. Comment! [Energy, Earnings]
Wednesday, April 17, 7:21 AM Dover (DOV): Q1 EPS of $1.10 beats by $0.01. Revenue of $2.0B misses by $0.07B. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 17, 12:05 AM Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, DGX, DOV, FCFS, HBAN, MAT, PNC, STJ, TXT Comment! [Earnings]
Tuesday, April 16, 5:30 PM Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, DGX, DOV, FCFS, HBAN, MAT, PNC, STJ, TXT Comment! [Earnings]
Tuesday, April 9, 10:35 AM GE's purchase of Lufkin highlights the value of rival Dover's (DOV) energy business, which has higher margins than both GE Oil & Gas and Lufkin, Nomura says. Placing a comparable 13.5x GE-LUFK deal valuation on the production piece of DOV’s energy business, the firm estimates the implied price for the rest of DOV at ~7.5x EBITDA vs. its sector average of 9.3x; DOV trades at 8.8x 2013 estimated EBITDA. Comment! [Energy]
Monday, April 8, 3:19 PM GE's "stunning" $3.3B purchase price for Lufkin (LUFK +37.5%) means Weatherford's (WFT +3.5%) similar business could be worth even more, given its size and global scale, Cowen says. Credit Suisse says the deal reflects the increasing importance of artificial-lift technology as firms pursue oil using unconventional methods. Dover (DOV +1.5%), a third company in the sector, also is up. Comment! [Energy, M&A, On the Move]
Monday, January 28, 6:27 PM Cheap natural gas and increasingly competitive labor costs are bringing factories and jobs back to the U.S., Barron's says in identifying eight stocks it believes should prosper - particularly chemical producers and steelmakers - in a gas-fueled manufacturing upswing: SWN, LYB, NUE, DOV, CPN, CF, WMB, UNP. 4 Comments [Energy, Quick Ideas]
Thursday, January 24, 7:20 AM Dover (DOV): Q4 EPS of $1.09 beats by $0.02. Revenue of $2B (+6% Y/Y) beats by $0.B. (PR) Comment! [Earnings, Breaking News]
Thursday, January 24, 12:05 AM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]
Wednesday, January 23, 5:30 PM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]
Monday, December 10, 2012, 2:03 PM Dover (DOV -0.5%) lowers 2012 EPS guidance to $4.36-$4.46 from $4.55-$4.65, vs. $4.62 analyst consensus estimate, due primarily to discontinued electronic assembly and test markets businesses. DOV issues in-line guidance for FY 2013, seeing EPS of $5.05-$5.35 vs. $5.24 consensus, with revenues up 7%-9%. Comment! [Consumer, Energy]
Tuesday, December 4, 2012, 11:42 AM Many U.S. firms are cash rich abroad but cash poor at home, and the SEC worries they aren’t presenting investors with an honest appraisal of their liquidity. “That doesn’t mean they could suddenly run out of money to pay their bills," WSJ's Kate Linebaugh writes. "But it does mean there could be unseen limits on their ability to pay dividends and buy back shares." 36 Comments [U.S. Economy, Global & FX]
Friday, November 30, 2012, 12:17 PM Dover (DOV -0.5%) acquires Anthony International, a manufacturer of specialty glass, commercial glass refrigerator and freezer doors, lighting systems, and display equipment for $602M. DOV expects the acquisition to be $0.02 dilutive to 2012 EPS and modestly accretive in 2013. Comment! [M&A]
Wednesday, November 14, 2012, 11:36 AM Barron's likes prospective double-digit earnings growth at Dover (DOV +1.7%) as well as strong cash flow supporting a 2.3% dividend yield and more small acquisitions, and it thinks shares could pop on a sale of its electronic assembly and test businesses. Shares are undervalued partly due to missteps on newly-acquired Sound Solutions, but it seems finally to be on the path to growth. 1 Comment [Quick Ideas, On the Move]