Dover Corp Stock Price, News & Analysis

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.

KPS, a Dover (NYSE: DOV) company, has launched a new 3-inch conductive High Density Polyethylene double wall piping system. The system features a 90mm primary containment pipe and 110mm secondary containment pipe, designed for medium to high flow applications in fueling forecourts, data centers, and generators.

Certified to EN 14125, the system includes zero-permeation design with EVOH layer, suitable for various liquids including fuel, chemicals, biodiesel, and ethanol blends. The electrofusion-welded system aims to reduce cost and build time, backed by KPS technical team support through training and certification.

Dover (NYSE: DOV) reported its Q3 2024 financial results with revenue of $2.0 billion, up 1% year-over-year. GAAP earnings from continuing operations reached $313 million, increasing 19%, while GAAP diluted EPS grew 22% to $2.26. On an adjusted basis, earnings increased 4% to $314 million, with adjusted EPS up 6% to $2.27. The company showed strong performance in clean energy, biopharma components, thermal connectors, and CO2 refrigeration systems. Dover updated its 2024 guidance, expecting GAAP EPS of $10.11-$10.21 and revenue growth of 1-3%, excluding the recently divested Environmental Solutions Group business.

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has launched Wayne PWR™, a new DC fast charger for electric vehicles. Manufactured in Austin, Texas, the charger is NEVI-compliant and focuses on reliability and durability. Key features include superior weather protection, vandal-proofing, and temperature reliability. The system offers an intuitive touchscreen interface, secure payment options through Wayne iX Pay Direct™, and a cloud-based management system for real-time monitoring. The product is supported by DFS's nationwide Wayne® approved partner service network, providing remote diagnostics and proactive monitoring to ensure maximum uptime.