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Stock Market & Financial Investment News

News Breaks
March 5, 2014
08:36 EDTDOVDover announces new segment structure and management appointments
Dover has realigned its businesses into a new segment structure. The company also announced, effective immediately, the promotions of C. Anderson Fincher as CEO of the Engineered Systems and William Johnson as CEO of the Refrigeration & Food Equipment segments. The four segments are: Dover Energy, a segment with 2013 revenue of $1.9B led by Soma Somasundaram as CEO; Dover Engineered Systems, which had 2013 revenue of $2.5B, led by Andy Fincher, formerly EVP of Engineered Systems, as CEO; Dover Fluids, with 2013 revenue of $1.2B, led by William Spurgeon as CEO; and Dover Refrigeration & Food Equipment, with 2013 revenue of $1.9B, led by Bill Johnson as CEO. The realignment will be reflected in Dover's quarterly and full-year financial results.
News For DOV From The Last 14 Days
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March 26, 2015
16:16 EDTDOVRBC Bearings sees Sargent acquisition accretive to EPS by 25c-35c
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16:14 EDTDOVDover to sell Sargent Aerospace & Defense to RBC Bearings for $500M
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March 23, 2015
10:00 EDTDOVOn The Fly: Analyst Downgrade Summary
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06:03 EDTDOVU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:46 EDTDOVDover downgraded to Equal Weight from Overweight at Barclays
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