Dover Corp (NYSE:DOV): Negative Stock Sentiment at 0.84

June 27, 2018 - By Tracy Fowler

Dover Corporation (NYSE:DOV) Corporate Logo

Positions for Dover Corp (NYSE:DOV)

“Big money sentiment for Dover Corp (NYSE:DOV) in Q1 2018 decreased to 0.84, according to Securities and Exchange Commission filings. That’s down -0.15, from 2017Q4’s 0.99. 212 investment managers increased and opened new holdings, while 253 reduced and sold their stock positions in Dover Corp so the sentiment has worsened. Funds own 129.71 million shares, down from 132.15 million shares in 2017Q4. Funds holding Dover Corp in top 10 changed to 8 from 10 for a decrease of 2. In total 39 funds closed positions, 214 reduced and 140 increased. Also 72 funds bought new Dover Corp stakes.

Biggest Dover Corp Shareholders

Cincinnati Indemnity Co owns 29,000 shares in Dover Corp as of Q1 2018. Dover Corp’s shareholder Cincinnati Casualty Co owns 90,000 shares as of Q1 2018. Inverness Counsel Llc Ny reported 848,645 shares. The Texas-based fund Mcdaniel Terry & Co have invested about 3.91% of the fund’s stock portfolio in Dover Corp. The New York-based fund Adi Capital Management Llc holds 50,000 shares or 3.87% of their fund portfolio.

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, software and digital solutions, and support services worldwide.The firm is worth $11.36 billion. The firm operates in four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.The P/E ratio is 14.98. The Energy segment provides solutions and services for the production and processing of fuels to drilling and production, bearings and compression, and automation end markets.

DOV is touching $73.41 during the last trading session, after increased 0.89%.Currently Dover Corporation is uptrending after 19.15% change in last June 27, 2017. DOV has 357,533 shares volume. DOV outperformed the S&P500 by 6.58%.

On July, 19 is awaited Dover Corporation (NYSE:DOV)’s earnings report, according to Zacks. Analysts forecast $1.22 EPS. That’s $0.18 up or 17.31 % from 2017’s earnings of $1.04. If DOV’s EPS is $1.22 the profit will hit $188.71M for 15.04 P/E. Analysts at Wall Street see Dover Corporation’s 5.17 % EPS growth compared to $1.16 EPS for previous quarter.

New York State Common Retirement Fund holds 366,700 shs or 0.04% of its capital. Harris L P invested in 3.92M shs or 0.64% of the stock. Commonwealth Fincl Bank Of Australia reported 0.02% of its capital in Dover Corporation (NYSE:DOV). American Rech And Mgmt accumulated 76,975 shs. Grantham Mayo Van Otterloo & Co reported 103,300 shs or 0.06% of all its holdings. Qs Limited Liability Com accumulated 3,373 shs. Mutual Of America Cap Mngmt Limited Liability Company owns 25,577 shs or 0.04% of their US capital. Tower Cap Ltd Liability Corporation (Trc) stated it has 0.01% of its capital in Dover Corporation (NYSE:DOV). Morgan Stanley accumulated 621,068 shs. Invesco Ltd reported 0.03% in Dover Corporation (NYSE:DOV). Woodley Farra Manion Portfolio accumulated 3.34% or 302,138 shs. Moreover, Stratos Wealth Ptnrs Ltd has 0.08% invested in Dover Corporation (NYSE:DOV) for 20,100 shs. Pinnacle Limited invested in 0.03% or 14,025 shs. Macquarie Gru Ltd has 0% invested in Dover Corporation (NYSE:DOV). Td Asset Management reported 0.02% stake.

Dover Corporation had 7 insider sales and 1 insider purchase since February 26, 2018. This’s net activity of $4.30 million. Goldberg Paul sold $336,600 worth of stock. Somasundaram Sivasankaran sold $511,965 worth of Dover Corporation (NYSE:DOV) on Friday, March 9. 14,745 shs were sold by Kloosterboer Jay L, worth $1.16M. $197,146 worth of Dover Corporation (NYSE:DOV) was sold by WINSTON MARY A. 5,363 shs were sold by Kosinski Anthony K, worth $549,708. 20,000 shs were sold by Cerepak Brad M, worth $1.52 million.

Dover Corporation (NYSE:DOV) Ratings Coverage

A total of 12 analysts rate Dover Corp (NYSE:DOV) as follows: 4 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 33% are bullish. The firm has $120 highest and $10000 lowest target. The avg target $108.10 is 47.26% above the last ($73.41) price. (NYSE:DOV) has 23 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Friday, January 12 the rating was maintained by Susquehanna with “Hold”. The company rating was maintained by SunTrust on Wednesday, April 18. On Wednesday, January 31 BMO Capital Markets maintained the shares of DOV in report with “Buy” rating. On Thursday, April 5 the stock of Dover Corporation (NYSE:DOV) has “Hold” rating given by RBC Capital Markets. On Wednesday, January 31 Stifel Nicolaus maintained the shares of DOV in report with “Hold” rating. The company rating was maintained by BMO Capital Markets on Thursday, January 25. On Monday, April 30 Barclays Capital maintained the shares of DOV in report with “Overweight” rating. On Wednesday, January 17 the company was maintained by RBC Capital Markets. On Monday, April 16 the stock of Dover Corporation (NYSE:DOV) has “Hold” rating given by Stifel Nicolaus. On Tuesday, January 30 Robert W. Baird maintained Dover Corporation (NYSE:DOV) with “Buy” rating.

Another two news for Dover Corporation (NYSE:DOV) were recently announced by: Seekingalpha.com on June 25, 2018 with title “Dover: The Worst Performing Dividend Champion Of 2018”. The other Seekingalpha.com‘s article was titled “Honeywell, Dover among companies exiting Iran presence before sanctions” and announced on June 05, 2018.

Dover Corporation (NYSE:DOV) Institutional Investors Chart

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