On Thursday, Dover Corp (NYSE:DOV)’s shares declined -1.23% to $67.24.
Dover Corporation (DOV) The Company is predictable to benefit from its acquisition strategy, supply chain rationalization, improved capital allocation discipline and restructuring actions. However, lower oil prices, foreign exchange volatility and pricing pressure remain headwinds in the near term.
Dover has a long-standing history of making successful acquisitions in diverse end-markets. In 2014, the company attained MS Printing Solutions S.r.l., The WellMark Company and Liquip International. Further in Oct 2014, Dover took over Accelerated Companies to bolster its position in the U.S. shale market. The impact of accomplished acquisitions on earnings will be of 1 cent to 3 cents per share in 2015. Further acquisitions will drive Dover’s growth.
Dover has sold two businesses during the past three years in addition to the Knowles spin-off. The company has also aggressively taken restructuring actions over the last two quarters to better align its cost base. In April 2015, Dover accomplished the sale of its Sargent Aerospace & Defense unit to RBC Bearings Inc. The divestment will assist the company reduce its exposure to cyclical markets and focus on higher margin growth spaces.
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets.
Sealed Air Corp (NYSE:SEE)’s shares dropped -0.20% to $51.09.
Sealed Air Corporation (SEE) declared that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on September 18, 2015 to stockholders of record at the close of business on September 4, 2015.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor has there been any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
At the end of Thursday’s trade, Microchip Technology Inc. (NASDAQ:MCHP)‘s shares dipped -1.14% to $44.18.
Microchip Technology Inc. (MCHP) declared the PIC32 Harmony Software Decoder Framework and Microsoft Windows Media Audio (WMA) Decoder Library for 32-bit PIC32 microcontroller (MCU)-based consumer-audio application development within the MPLAB® Harmony Integrated Software Framework. The WMA Decoder Library comprises a new modular framework for audio decoders, counting support for MP3 and AAC, allowing easier audio application development.
Microchip’s Audio Decoder Framework allows for audio software codecs to be easily added to a PIC32 design project. Rather than having to rewrite large sections of application code, the framework allows for easier integration into an existing customer application after the corresponding decoder library has been purchased. The WMA Decoder enhances the depth of the library for PIC32 MCU-supported audio decoders, in addition to MP3 and AAC. This enhances the range of audio formats that designers can choose to support. The audio decoder framework within the Harmony environment allows designers to easily add, subtract and switch among various software-based audio decoders. Additionally, counting a WMA decoder gives developers an even wider set of options and support for audio playback.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
Kimberly Clark Corp (NYSE:KMB), ended its Thursday’s trading session with -0.30% loss, and closed at $108.70.
Kimberly Clark Corp (KMB) was awarded five Effie Awards counting one Silver and three Bronze for its 2014 commercial programs for Depend, Poise and U by Kotex brands at the 47th annual North American Effie Awards last night in New York; Scott Naturals Tube-Free was awarded an inaugural Bronze Positive Change Effie Award for its 2014 commercial program. The company was also recognized as the No. 3 most effective marketer in North America in 2014 on the North American Effie Effectiveness Index Rankings.
The Effie Awards, which have honored marketing effectiveness since 1968, have come to represent one of the highest honors in the field of marketing and advertising. This year’s North American Effie Awards encompass 59 categories, counting the specialty Health and Media Awards, and the Shopper Effie.
Kimberly-Clark Corporation, together with its auxiliaries, manufactures and markets personal care, consumer tissue, and K-C professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brands.
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