Dover Corporation’s (DOV - Free Report) Dover Fueling Solutions (“DFS”) has launched its fuel dispenser series, Tokheim Quantium 510M. Notably, the new dispenser head will enable customers to upgrade from the LCD display to a VGA media display by changing the screen and the door.
Headquartered in Austin, TX, DFS delivers advanced fuel dispensing equipment, fleet systems, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers around the world.
The Quantium 510M fuel dispenser series introduces more model options, along with many new features to customers. It is led by the Quantium 510M FHR fuel dispenser with full hose retraction, with an additional benefit of an enriched dispenser head. Furthermore, Tokheim series’ Quantium 510M SHR fuel dispenser with semi-hose retraction, features advanced modifications such as double bump piping to enhance dispenser maintainability. This cost-effective model also ensures that customers have wider choosing options while updating their forecourts.
Additionally, DFS is presenting the Quantium 510MAdBlue fuel dispenser and the Quantium 510M liquified petroleum gas (LPG) fuel dispenser. The Quantium AdBlue fuel dispenser will be available as a four-hose model with the enriched dispenser head. Moreover, the Quantium 510M LPG fuel dispenser has been upgraded to include the enriched dispenser head and semi-hose retraction.
Coming to the price performance, Dover’s shares have appreciated around 28.8%, outperforming the industry’s growth of 10.7%.
Dover maintained its adjusted earnings per share guidance of $5.65-$5.85 for 2019, backed by encouraging first-quarter results. This was driven by productivity and cost initiatives, improved segmental performance, organic growth, and solid booking and backlog. This January, Dover closed the Belanger acquisition, which is expected to be accretive to margins and adjusted earnings this year.
The company’s current-quarter results are likely to improve on solid order backlog. Through 2019, impressive performance in the Engineered Systems and Fluids segments, along with stellar organic growth, benefits from cost-containment actions, footprint-optimization projects, and retail refrigeration will negate the impact of weak demand in the Refrigeration & Food Equipment segment.
Dover also anticipates to benefit from its targeted cost-reduction initiatives this year. The company has executed restructuring programs to better align costs and operations with the current market conditions through targeted facility consolidations, headcount reduction and other measures.
Dover Corporation Price and Consensus
Zacks Rank & Other Stocks to Consider
Dover currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Industrial Products sector are Chart Industries, Inc. (GTLS - Free Report) , Lawson Products, Inc. (LAWS - Free Report) and Harsco Corporation (HSC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Chart Industries has an estimated earnings growth rate of 52.9% for the ongoing year. The company’s shares have gained 13.9%, in the past year.
Lawson Products has an expected earnings growth rate of 24.5% for the current year. The stock has appreciated 44.3% in a year’s time.
Harsco has a projected earnings growth rate of 9.1% for 2019. The company’s shares have rallied 8.9%, over the past year.
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