Destaco, a unit of Dover Corporation (DOV - Free Report) , has introduced TCC-2E Series Tolerance Compensation Clamps to provide innovative clamping solution for the automotive, aircraft and consumer goods industries.
Notably, the TCC-2E model offers flexibility in welding and assembly applications which require the clamping of components of different thicknesses or tighter tolerances. Also, it will significantly improve the setup and changeover times of production lines by eliminating the need to manually adjust clamps.
The TCC-2E will help enhance Dover’s portfolio of power clamps, pin clamps and pin packages. These new clamps are available in various sizes which have been tested to be maintenance free for 3 million operating cycles.
Dover continues its efforts to simplify the company’s product portfolio and increase focus on the markets with solid prospects. It will also gain from product digitization, e-commerce, new product development, and inorganic investment in core business platforms.
However, the tariffs imposed by the Trump administration on steel and aluminum products as well as the tariffs on goods imported from China could impact margins if the company is unable to pass price increases to customers.
Dover’s shares have underperformed the industry over the past year. The stock has lost around 3%, while the industry has recorded growth of around 9% during the same time frame.
Zacks Rank & Stocks to Consider
Dover carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the same sector are Flowserve Corporation (FLS - Free Report) , Chart Industries, Inc. (GTLS - Free Report) and IDEX Corporation (IEX - Free Report) . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Flowserve has a long-term earnings growth rate of 17.3%. The company’s shares have rallied 29% over the past year.
Chart Industries has an estimated long-term growth rate of 15.6%. Its shares have surged 98% in a year’s time.
IDEX has a projected long-term growth rate of 11%. Its shares have rallied 24% over the past year.
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