The stocks of Dover Corp (NYSE:DOV) rose by 1 percent and reached to $89.73 when the company announced that OPW, one of its segments that deals with fluids, has successfully executed the acquisition deal that it made with Liquip International earlier this year.

Liquip International is an Australian company that has its headquarters in Smithfield. The company designs and produces solutions for the efficient and easy handling of bulk liquids, including chemicals and petroleum.

The addition of Liquip in OPW will improve the business portfolio of Dover Corp (NYSE:DOV) as the company can now cater to the demands and needs of its customers better, especially the clients that ask for industrial and chemical solutions.

Dover Corp (NYSE:DOV) is known for its acquisition deals; the company expands its operations through buyouts. The company has made around 26 purchases over the last 3 years, the total worth of which is around $2.7 billion. The company, in the year 2013 alone, purchased 10 businesses for a total of $323 million.

The company, at the start of the year 2014, purchased MS Printing Solutions based in Italy for its Engineered Systems. Later in July, the company purchased WellMark for its energy segment, in order to improve its natural gas and oil business globally.

The buyout of Luquip International was the first acquisition deal that its OPW made for the year 2014.

The company plans to carry on with its acquisition strategy in order to expand its business, add more value to the company, and improve its presence in the global market. The company expects its growth to improve significantly in lieu of its recent developments and policies.

The company, during its second quarter’s earnings call, improved the guidance outlook for the fiscal year 2014 to an EPS range of $4.75 to $4.85.

Dover Corp (NYSE:DOV) expects a 4 percent improvement in the total revenues that it derives from organic products. The company also predicts 6 to 7 percent growth in the total revenues from its acquired businesses.

The company currently holds a #3 Zacks ranks on its stocks, with a consensus rating of ‘Hold’.
Dover Corp (NYSE:DOV) is based in Illinois. The company produces machinery and equipments for the industrial sector.  The company has 4 core operational segments that include Printing and Identification, Energy, Engineered Systems and Communication Technologies.

Coming to the stocks prices of the company, Dover Corp (NYSE:DOV), on the last trading day, August 26, 2014, started its stocks at a price of $89.71 and closed at a price of $89.12, after hitting the highest figures of $90.05. As far as the intraday range of the company’s stocks is concerned, the figures are reported to be around $89.07 to $90.05.

The company has a market capitalization of $14.84 billion with a P/E (price to earnings) ratio of 17.61. Moreover, the company has a dividend yield of 1.80 percent. As far as the beta and the EPS (earnings per share) of the company are concerned, the figures are recorded to be around 1.5 and $5.52 respectively.