Dover Corp Stock Price, News & Analysis

Dover (DOV) subsidiary Caldera has launched Version 18 of its RIP software for large-format digital printing and cutting. The new release introduces several key enhancements including Adobe PDF Print Engine 6.3 integration, macOS Sequoia compatibility, and improved color accuracy through official Pantone, RAL, HKS, and NCS Spot Color Libraries.

CalderaCare subscribers will receive exclusive features including enhanced cutting accuracy on transparent films, grouped material assignment in EasyMedia, and production data collection capabilities via REST API. The update aims to boost productivity, streamline workflows, and improve print quality for professional printers while enabling integration with ERP and e-commerce systems.

Markem-Imaje, a Dover (NYSE: DOV) company, has launched its new Ultraply range of ribbons and self-adhesive labels, designed to meet increasing demand for high-quality, phone-scannable 2D barcodes in e-commerce and direct-to-consumer operations. The range includes four solutions: Ultraply Premium for demanding applications, Ultraply Performance for versatile use, Ultraply Prime for cost-effective solutions, and Ultraply Direct for high-speed labeling.

The products are optimized for Print and Apply (P&A) labelers, offering solutions from basic to complex case and pallet operations. The range focuses on delivering readable and durable 1D and 2D codes that comply with food regulations while maximizing printhead life and minimizing waste.

Dover (NYSE: DOV) announced that Brad Cerepak, Senior Vice President and Chief Financial Officer, will retire on January 31, 2025. Christopher Woenker, 42, currently Chief Financial Officer of the company's Engineered Products and Climate & Sustainability Technologies segments, will succeed Cerepak.

Woenker, who joined Dover in March 2013, has served various financial roles within the company, including manager and director in Financial Planning and Analysis, business unit CFO, and segment CFO. He will work closely with Cerepak through the 2024 fiscal year financial closing and report to Chairman and CEO Richard Tobin.

Tobin acknowledged Cerepak's 15-year contribution to Dover's financial excellence and expressed confidence in Woenker's appointment, citing his understanding of Dover's business culture and demonstrated leadership.

Malema, a Dover (NYSE: DOV) subsidiary, has launched the CIFM-88 Series DuraMassFlow PFA Coriolis Industrial Flow Meter. This new flow measurement device is designed for various industrial applications including chemical processing, pharmaceutical manufacturing, food and beverage production, paper applications, and wastewater treatment.

The CIFM-88 Series features a patented design utilizing the Coriolis principle, offering ±1% accuracy even with gas volumetric void fractions up to 30%. The device simultaneously measures mass flow, density, and temperature. Its PFA-wetted materials provide protection against corrosive chemicals, while its stainless-steel enclosure ensures durability in harsh industrial environments. The built-in LCD panel displays real-time data for efficient process monitoring.

Systech, a Dover subsidiary providing digital identification and traceability software solutions, has successfully completed its second consecutive SOC 2 Type II Audit. The audit, conducted by an independent firm, evaluated the company's internal controls, including network security, software development, access control, and disaster recovery systems. The auditor issued an unqualified opinion, confirming Systech meets or exceeds SOC 2 criteria, demonstrating its commitment to maintaining secure operations and protecting customer data.

ACME Cryogenics, part of OPW Clean Energy Solutions and Dover (NYSE: DOV), has launched its new XL Bore Vacuum-Jacketed Piping (VJP) for cryogenics handling. The product is designed to maintain extremely cold temperatures of cryogenic liquids including LNG, liquid hydrogen, oxygen, CO2, and helium, primarily used in aerospace and space exploration applications. The VJP features a unique 'pipe within a pipe' design with multi-layer insulation coated in aluminum, enabling maintenance-free operation for over 20 years.

Hillphoenix, a Dover Food Retail company, has received the EPA's GreenChill 2023-2024 Store Certification Excellence award for the 13th consecutive year. The recognition highlights their achievement in installing advanced sustainable refrigeration systems in 777 GreenChill-Certified Stores.

As a founding member of the GreenChill program since 2007, Hillphoenix has consistently led in sustainable refrigeration technology development. Their innovations include the 2Cool® systems from the mid-1990s, Second Nature® portfolio in the early 2000s, and North America's first CO2 Transcritical Booster System in 2012. The company has shipped thousands of Second Nature systems using natural refrigerants with low global warming impact.

Dover 's (NYSE: DOV) Board of Directors has declared a regular quarterly cash dividend of $0.515 per share. The dividend will be paid on December 16, 2024, to shareholders who are on record as of November 29, 2024.

Dover (NYSE: DOV) has announced its participation in the upcoming Baird 2024 Global Industrial Conference in Chicago. President and CEO Richard J. Tobin will deliver a presentation on Wednesday, November 13, 2024, at 9:40 am CT. The company will provide a live audio webcast of the presentation through their website, dovercorporation.com, with the recording remaining accessible for 90 days afterward.