Dover Corporation’s (DOV - Free Report) Fluids segment unit, Maag, recently clinched a contract from Hainan Huasheng New Material Technology Co. Ltd. Per the deal, Maag will supply pumps, pelletizing systems and screen changers to Hainan Huasheng’s new polycarbonate-production facility in China.
After completion in 2020, the facility will be able to produce up to 260 kilotons per annum of polycarbonate. Polycarbonate is used worldwide as a base compound for the manufacturing of electronic, automotive, aircraft, railway and security components.
Notably, Maag got the contract because of its reputation in providing dependable, durable, safe and efficient equipment and systems that are used in the production of polycarbonate. Further, Maag offers arch-type screen changers that are available as standard equipment on pressure-adaptive sealing systems.
Maag is a leading developer and supplier of pelletizing systems to the polycarbonate market and currently has more than 200 production lines in operation. Its gear pumps are ideal for use in the manufacturing of polycarbonate.
Dover anticipates solid bookings for its Fluids segment and a strong book-to-bill to drive organic revenues in 2018. Dover’s results will also gain from strong growth in the pumps and process solutions and fueling and transport businesses.
Dover’s shares have outperformed the industry over the past three months. The stock has gained around 23% compared with the industry’s growth of 12%.
Zacks Rank & Stocks to Consider
Dover carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the same sector are Colfax Corporation , Barnes Group, Inc. (B - Free Report) and Flowserve Corporation (FLS - Free Report) . While Colfax sports a Zacks Rank #1 (Strong Buy), Barnes Group and Flowserve carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Colfax has a long-term earnings growth rate of 12.8%. The stock has rallied 20% in the past three months.
Barnes Group has a long-term earnings growth rate of 4%. Its shares have gained 21% over the past three months.
Flowserve has a long-term earnings growth rate of 17.3%. The company’s shares have rallied 37% over the past three months.
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Dover Corporation’s (DOV - Free Report) Fluids segment unit, Maag, recently clinched a contract from Hainan Huasheng New Material Technology Co. Ltd. Per the deal, Maag will supply pumps, pelletizing systems and screen changers to Hainan Huasheng’s new polycarbonate-production facility in China.
After completion in 2020, the facility will be able to produce up to 260 kilotons per annum of polycarbonate. Polycarbonate is used worldwide as a base compound for the manufacturing of electronic, automotive, aircraft, railway and security components.
Notably, Maag got the contract because of its reputation in providing dependable, durable, safe and efficient equipment and systems that are used in the production of polycarbonate. Further, Maag offers arch-type screen changers that are available as standard equipment on pressure-adaptive sealing systems.
Maag is a leading developer and supplier of pelletizing systems to the polycarbonate market and currently has more than 200 production lines in operation. Its gear pumps are ideal for use in the manufacturing of polycarbonate.
Dover anticipates solid bookings for its Fluids segment and a strong book-to-bill to drive organic revenues in 2018. Dover’s results will also gain from strong growth in the pumps and process solutions and fueling and transport businesses.
Dover’s shares have outperformed the industry over the past three months. The stock has gained around 23% compared with the industry’s growth of 12%.
Zacks Rank & Stocks to Consider
Dover carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the same sector are Colfax Corporation , Barnes Group, Inc. (B - Free Report) and Flowserve Corporation (FLS - Free Report) . While Colfax sports a Zacks Rank #1 (Strong Buy), Barnes Group and Flowserve carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Colfax has a long-term earnings growth rate of 12.8%. The stock has rallied 20% in the past three months.
Barnes Group has a long-term earnings growth rate of 4%. Its shares have gained 21% over the past three months.
Flowserve has a long-term earnings growth rate of 17.3%. The company’s shares have rallied 37% over the past three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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