We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dover Unit Opens Large-Scale Facility for Propane Testing
Read MoreHide Full Article
Dover Corporation’s (DOV - Free Report) unit SWEP is opening a new large-scale propane testing facility at the SWEP Research & Development Center in Landskrona, Sweden. This development will help DOV support its customers on their journey towards more sustainable heating and cooling systems.
SWEP, a Dover subsidiary, is a world-leading supplier of brazed plate heat exchangers. SWEP has been testing propane in small and medium-sized units, but this is likely to enable in-house testing of up to XL-size units.
This new rig is built for a wide propane envelope and will prove useful in the ongoing development of highly efficient and safe heat transfer solutions. The market demand for heating and cooling systems that operate with natural or low-GWP refrigerants has gone up due to recent policies such as the European F-Gas Regulation.
The step toward running a large-scale propane testing facility becomes crucial to meet current and future needs for sustainable heat transfer solutions.
The new rig is set to develop brazed plate heat exchangers for systems based on natural refrigerants to meet customers’ design requirements while helping in the transition toward more sustainable heating and cooling systems.
The development of this new rig has been undertaken as part of SWEP's Global Investment Program to strengthen long-term capacity and add new capabilities. This launch has been initiated keeping in mind adequate safety and quality measures to continue bringing expertise and closeness to its customers.
DOV Stock’s Price Performance
The DOV stock has gained 21.1% in the past year compared with the 9.2% growth of the industry.
The Zacks Consensus Estimate for DXPE’s current-year earnings is pegged at $4.07 per share. The company’s shares have gained 143.5% in the past year.
The Zacks Consensus Estimate for POWL’s current-year earnings is pegged at $13.70 per share. POWL surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 57.6%. The stock has gained 156.8% in the past year.
The Zacks Consensus Estimate for ATR’s current-year earnings is pegged at $5.38, indicating a year-over-year rise of 12.6%. ATR’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 6.1%. The company’s shares have gained 26.8% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dover Unit Opens Large-Scale Facility for Propane Testing
Dover Corporation’s (DOV - Free Report) unit SWEP is opening a new large-scale propane testing facility at the SWEP Research & Development Center in Landskrona, Sweden. This development will help DOV support its customers on their journey towards more sustainable heating and cooling systems.
SWEP, a Dover subsidiary, is a world-leading supplier of brazed plate heat exchangers. SWEP has been testing propane in small and medium-sized units, but this is likely to enable in-house testing of up to XL-size units.
This new rig is built for a wide propane envelope and will prove useful in the ongoing development of highly efficient and safe heat transfer solutions. The market demand for heating and cooling systems that operate with natural or low-GWP refrigerants has gone up due to recent policies such as the European F-Gas Regulation.
The step toward running a large-scale propane testing facility becomes crucial to meet current and future needs for sustainable heat transfer solutions.
The new rig is set to develop brazed plate heat exchangers for systems based on natural refrigerants to meet customers’ design requirements while helping in the transition toward more sustainable heating and cooling systems.
The development of this new rig has been undertaken as part of SWEP's Global Investment Program to strengthen long-term capacity and add new capabilities. This launch has been initiated keeping in mind adequate safety and quality measures to continue bringing expertise and closeness to its customers.
DOV Stock’s Price Performance
The DOV stock has gained 21.1% in the past year compared with the 9.2% growth of the industry.
Image Source: Zacks Investment Research
DOV’s Zacks Rank and Key Picks
DOV currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space are DXP Enterprises, Inc. (DXPE - Free Report) , Powell Industries, Inc. (POWL - Free Report) and AptarGroup, Inc. (ATR - Free Report) . While DXPE and POWL sport a Zacks Rank #1 (Strong Buy) each at present, ATR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DXPE’s current-year earnings is pegged at $4.07 per share. The company’s shares have gained 143.5% in the past year.
The Zacks Consensus Estimate for POWL’s current-year earnings is pegged at $13.70 per share. POWL surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 57.6%. The stock has gained 156.8% in the past year.
The Zacks Consensus Estimate for ATR’s current-year earnings is pegged at $5.38, indicating a year-over-year rise of 12.6%. ATR’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 6.1%. The company’s shares have gained 26.8% in the past year.