We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 Buys Caldera, Expands in Digital Textile Printing
Read MoreHide Full Article
Dover Corporation (DOV - Free Report) has acquired France-based software company Caldera Graphics SAS for EUR 35 million (approximately $37.23 million). This will aid Dover extend its already strong position in digital textile printing.
Caldera is a software company with more than two decades of experience in developing, marketing and supporting high-quality technical software for the digital printing industry. Caldera`s unique capabilities and solutions around image processing, color management and workflow serve the global textile and graphics markets. The company will now operate within Dover`s Printing and Identification platform, alongside MS Printing Solutions (MS) and the JK Group serving the global digital textile printing market. Caldera generated annual revenue of approximately EUR 11 million in 2016.
Dover continues to solidify presence in fast growing digital textile printing area that started with the acquisition of MS and the purchase of the JK Group last year. The textile digital printing market is undergoing rapid growth as textile producers are shifting from analog to digital. Digital printing technology has enabled market trends such as fast fashion, by allowing producers to minimize time to market while reducing costs.
Dover intends to remain focused on expanding business in key markets that offer significant growth potential and lead to organic and inorganic growth across all segments. Moreover, the company strives to innovate products as per customer needs in order to gain market share. During the fourth quarter, Dover closed the Rav and Wayne acquisition. Further, it had closed three acquisitions in 2016, including the Tokheim acquisition. The company expects to ink several deals over the next few quarters in key growth markets. Additional acquisitions will continue to drive growth.
A look at Dover's year-to-date price performance reveals that barring few ups and downs, it has performed in line with the broader Zacks categorized Machinery - General Industrial sub industry, both gaining 30.3%. This reflects the company's focus on segment margin expansion through productivity initiatives, including supply chain activities, strategic pricing and portfolio shaping. Further, investors appreciate Dover’s long tradition of making successful acquisitions in diverse end markets.
However, unstable oil prices and foreign exchange volatility remain concerns for Dover.
John Bean Technologies has a positive average earnings surprise of 21.01% in the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% in the trailing four quarters. ACCO Brands delivered an average positive earnings surprise of 24.74% in the preceding four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dover Buys Caldera, Expands in Digital Textile Printing
Dover Corporation (DOV - Free Report) has acquired France-based software company Caldera Graphics SAS for EUR 35 million (approximately $37.23 million). This will aid Dover extend its already strong position in digital textile printing.
Caldera is a software company with more than two decades of experience in developing, marketing and supporting high-quality technical software for the digital printing industry. Caldera`s unique capabilities and solutions around image processing, color management and workflow serve the global textile and graphics markets. The company will now operate within Dover`s Printing and Identification platform, alongside MS Printing Solutions (MS) and the JK Group serving the global digital textile printing market. Caldera generated annual revenue of approximately EUR 11 million in 2016.
Dover Corporation Price
Dover Corporation Price | Dover Corporation Quote
Dover continues to solidify presence in fast growing digital textile printing area that started with the acquisition of MS and the purchase of the JK Group last year. The textile digital printing market is undergoing rapid growth as textile producers are shifting from analog to digital. Digital printing technology has enabled market trends such as fast fashion, by allowing producers to minimize time to market while reducing costs.
Dover intends to remain focused on expanding business in key markets that offer significant growth potential and lead to organic and inorganic growth across all segments. Moreover, the company strives to innovate products as per customer needs in order to gain market share. During the fourth quarter, Dover closed the Rav and Wayne acquisition. Further, it had closed three acquisitions in 2016, including the Tokheim acquisition. The company expects to ink several deals over the next few quarters in key growth markets. Additional acquisitions will continue to drive growth.
A look at Dover's year-to-date price performance reveals that barring few ups and downs, it has performed in line with the broader Zacks categorized Machinery - General Industrial sub industry, both gaining 30.3%. This reflects the company's focus on segment margin expansion through productivity initiatives, including supply chain activities, strategic pricing and portfolio shaping. Further, investors appreciate Dover’s long tradition of making successful acquisitions in diverse end markets.
However, unstable oil prices and foreign exchange volatility remain concerns for Dover.
Zacks Rank
Dover currently carries a Zacks Rank #3 (Hold).
Some better-ranked industrial product stocks are John Bean Technologies Corporation (JBT - Free Report) , Casella Waste Systems, Inc. (CWST - Free Report) and ACCO Brands Corporation (ACCO - Free Report) . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
John Bean Technologies has a positive average earnings surprise of 21.01% in the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% in the trailing four quarters. ACCO Brands delivered an average positive earnings surprise of 24.74% in the preceding four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>