Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers.
Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing.
That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered.
To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV.
Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.
Persons:
We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz
Organizations:
IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club
Locations:
Dover, Veralto, Europe