Dover Corp Stock Price, News & Analysis

Dover (NYSE: DOV) announced the launch of Confidence 360, a rental program by Markem-Imaje aimed at providing manufacturers with a cost-effective solution for coding needs. The program encompasses hardware, software, and consumables with a fixed fee, avoiding upfront costs. It consists of three components: Coding 360, Packaging Intelligence 360, and Supplies 360, offering scalable and customizable solutions. Users can upgrade equipment easily, ensuring they have the latest technology, improving operational efficiency, and reducing overall costs.

The California Air Resource Board (CARB) enacted the strictest regulations on hydrofluorocarbons (HFCs) for refrigeration, affecting supermarkets and industrial refrigeration in California from January 2022. Hillphoenix, a Dover brand, offers eco-friendly products to help businesses comply with these regulations. The company has invested in sustainable CO2 refrigeration technologies, acquiring Advansor DE, and has over 1,000 North American installations. Hillphoenix has helped eliminate over 2.5 billion pounds of harmful emissions in two decades, aligning with its sustainability goals.

Dover's subsidiary CPC has introduced the Everis™ BLQ6 blind mate connector, designed for high-performance liquid cooling in electronics. This new connector features a 3/8″ flow and a Cv of ~2.2, ideal for rack and panel setups. It boasts enhanced connection reliability, lightweight anodized aluminum construction, and a non-spill design that allows for safe disconnection under pressure. The Everis BLQ6 expands CPC's BLQ Series, building on previous models launched in 2019. The Everis brand will signify products tailored for liquid cooling applications.

Dover (NYSE: DOV) announced the launch of Caldera's new RIP software, Version 14, improving print management and workflows. Key features include a 35% time-saving on PDF workflows and up to 60% faster TIFF workflows. Version 14 supports 42 new print drivers and includes exclusive features for CalderaCare customers, such as automated double-sided print and enhanced file management. The software aims to boost productivity with reduced downtime and improved print quality, aligning with Dover's commitment to customer-centric innovation.

Dover, through its Quattroflow brand, has launched the Q-Control Integrated Pump Controller for its diaphragm pump models, enabling automated control with built-in smart functions. The controller supports multiple sensors, eliminates the need for external PLCs, and features an autotune function, alarm configurations, and RS485 Modbus communication.

This innovation enhances control for biopharma applications, ensuring product safety, reliability, and accuracy while preventing risks associated with dry running and pulsation.

Dover's subsidiary, 3rd Eye, launched Verif-Eye, a passive customer service module that collects service verification photos in real-time without driver intervention. This technology aims to enhance route service accuracy by relieving operators of the task of confirming service performance, allowing them to focus on safety. The tool also captures overages and missed service events, potentially increasing revenue opportunities for fleets. Verif-Eye integrates with Soft-Pak for precise billing and is part of the ESG Connected Collections strategy, enhancing decision-making for fleet owners.

Dover’s Belanger has announced that its Cube® Soft-Touch In-Bay Automatic Wash System won the Car Wash/Forecourt category in CSP magazine's 17th Annual Retailer Choice Best New Product Contest, chosen by convenience store retailers through an online poll.

Gary Campbell, VP & General Manager, highlighted the Cube's combination of high-quality washing performance with reliability, cost-effectiveness, and user-friendliness. The system features innovative technology, including slow-spinning friction wheels, remote access, and LED-enhanced components, enhancing user experience and operational efficiency.

Dover (NYSE: DOV) will hold a virtual analyst and investor meeting on November 19, 2020, at 10:00 a.m. EDT. The meeting will focus on Dover's Fueling Solutions segment and its growth strategy, featuring presentations by CEO Richard J. Tobin and segment executives. A live webcast will be available on dovercorporation.com before the meeting. Participants may join via audio-only by calling 1 (844) 358-9184. The presentation will be recorded for later access on the company’s website.

Dover announced a quarterly cash dividend of $0.495 per share, payable on December 14, 2020, to shareholders of record by November 30, 2020. The diversified global manufacturer, generating approximately $7 billion in annual revenue, operates across five segments, emphasizing innovation and operational agility. Dover's commitment to returning value to shareholders is evident in its consistent dividend payments. This announcement underscores the company's stability and ongoing dedication to enhancing shareholder income.