Dover Corp Stock Price, News & Analysis

Hillphoenix, part of Dover Food Retail and Dover (NYSE: DOV), has launched ChargeSecure™, a charge preservation solution for CO2 refrigeration systems. Designed to maintain CO2 levels during power outages and service events, ChargeSecure helps food retailers minimize downtime and protect perishable goods. This eco-friendly solution operates using existing CO2 and requires only 1.5 amps, making it highly energy-efficient. ChargeSecure can be easily installed on the wall or floor and integrates seamlessly with existing Hillphoenix CO2 racks. The system offers cost savings, a small footprint, and extended operation via a backup battery.

On June 5, 2024, OPW Vehicle Wash Solutions, part of Dover (NYSE: DOV), announced the launch of two new product add-ons and an online store. The new additions include the Washnetics® Tunnel Wash Components and OneShot™ Presoak. Washnetics® integrates into Belanger tunnel wash systems, automatically adjusting to vehicle sizes for a customized wash, enhancing throughput rates. OneShot™ Presoak, part of the Turtle Wax Pro line, offers superior cleaning using just one ounce per wash, suitable for various car wash systems. The new WashNOW!® Online Store replaces the ePOS portal, providing a customizable, secure shopping experience accessible via the ICS mobile app.

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has introduced RDM by DFS, a remote diagnostics and management solution targeting fuel and convenience retailers in EMEA.

The system, available on Wayne Helix® fuel dispensers, offers enhanced OEM data collection and allows remote monitoring via DX Monitor®. This aims to provide quicker issue resolution, cutting maintenance costs and improving consumer experience.

RDM by DFS enables real-time monitoring and troubleshooting, thus reducing the need for onsite engineers and minimizing service disruptions.

On May 22, 2024, ACME Cryogenics, a segment of OPW Clean Energy Solutions and Dover (NYSE: DOV), announced new 6" and 8" valves for its Model CV Valve product line. These larger valves meet the increasing demand for hydrogen applications. Dan Hutchinson, Technical Sales Manager, emphasized that these additions highlight the company's commitment to supporting the expanding hydrogen infrastructure. The Model CV valves, ideal for hydrogen handling, also comply with ASME B31.3 and CSA B51 regulations. They cater to various industries, including aerospace, food & beverage, electronics, vehicle refueling, industrial manufacturing, and medical.

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has partnered with FLYX to launch the DFS Order Kiosk in the Europe, Middle East, and Africa (EMEA) region. This collaboration aims to provide fuel retailers with a compact, flexible, and efficient ordering solution for convenience stores (c-stores). The DFS Order Kiosk can be wall-mounted, stand-alone, or countertop-secured, catering to various c-store layouts. It offers cross-selling and up-selling options and integrates with DFS's Prizma hub to streamline operations. This initiative is expected to enhance consumer experience, boost sales, reduce wait times, and decrease the need for operators at fueling stations.

Dover (DOV) will have its President and CEO, Richard J. Tobin, speak at the 2024 Bank of America Securities Transportation, Airlines, and Industrials Conference on May 14, 2024. The presentation will be available via live audio webcast on dovercorporation.com.

Dover (NYSE: DOV) announced a regular quarterly cash dividend of $0.51 per share, payable on June 14, 2024. The dividend will be given to shareholders of record as of May 31, 2024.