Dover Buyback
OLI recorded this information on 1/9/2015
Company:
Dover
Buyback:
DOV buyback
Share Amount Authorized:
15,000,000
Buyback Details:
Dover (NYSE:DOV) announced today that its Board of Directors has approved a new standing share repurchase authorization, whereby the company may repurchase up to 15 million shares of its common stock over the next three years. Share repurchases under this new authorization are expected to be funded by cash on hand, proceeds from divestitures and free cash flow. The new authorization replaces the prior 10 million share, five-year standing authorization approved by the Board in May 2012, which was substantially completed in the fourth quarter of 2014.
Dover is a global manufacturer and solutions provider. Co.'s operating segments include: Engineered Products, which provides a range of equipment, components, software, solutions and services that have a range of customer applications across a number of markets; Clean Energy and Fueling, which provides components, equipment and software, and service solutions enabling safe storage, transport, handling and dispensing of fuels, cryogenic gases and other hazardous fluids; and Imaging and Identification, which supplies precision marking and coding, packaging intelligence, product traceability, brand protection, and digital textile printing equipment and solutions.
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Avg. Broker Rec.
  
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Buy (2.80 out of 4) 7th percentile
(ranked lower than approx. 93% of all stocks covered)
Analysts' Target Price: DOV Stock Forecast Based on Zacks ABR data; powered by Xignite |
