Citigroup May Have Just Upped Their Stakes in Dover (DOV)

September 8, 2018 - By Kristin Houston

Dover Corporation (NYSE:DOV) Logo

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.15, from 0.99 in 2017Q4. It fall, as 39 investors sold Dover Corporation shares while 214 reduced holdings. 72 funds opened positions while 140 raised stakes. 129.71 million shares or 1.85% less from 132.15 million shares in 2017Q4 were reported.

Wolverine Asset Mgmt Limited Co holds 0.04% or 28,000 shares in its portfolio. Principal Fincl holds 242,186 shares. Dimensional Fund Advsrs Lp owns 1.80M shares. Toronto Dominion National Bank & Trust reported 83,336 shares stake. 2,700 are held by Genesee Valley Trust Company. The Wisconsin-based Mason Street Ltd Liability Company has invested 0.05% in Dover Corporation (NYSE:DOV). Nuveen Asset Mngmt Ltd reported 0.09% in Dover Corporation (NYSE:DOV). Parthenon Limited Co invested 2.5% in Dover Corporation (NYSE:DOV). Mitsubishi Ufj Secs Holdg Communications Limited has 0.08% invested in Dover Corporation (NYSE:DOV). Cadence Capital Mgmt Ltd Com holds 0.04% or 6,414 shares. Amer Century holds 32,069 shares or 0% of its portfolio. Canandaigua Bank & Trust Com owns 2,700 shares. Public Employees Retirement Association Of Colorado accumulated 28,828 shares. North Point Portfolio Managers Oh has invested 2.11% in Dover Corporation (NYSE:DOV). Rmb Cap Mgmt Lc owns 2,603 shares.

Since March 9, 2018, it had 0 insider purchases, and 3 sales for $2.87 million activity. On Friday, March 9 Goldberg Paul sold $336,600 worth of Dover Corporation (NYSE:DOV) or 3,300 shares. The insider WINSTON MARY A sold 2,500 shares worth $197,146. 5,000 shares valued at $511,965 were sold by Somasundaram Sivasankaran on Friday, March 9. Kosinski Anthony K also sold $549,708 worth of Dover Corporation (NYSE:DOV) on Friday, March 9. 20,000 Dover Corporation (NYSE:DOV) shares with value of $1.52M were sold by Cerepak Brad M.

Dover (DOV) Stock Upgrade

In a research report revealed to clients on Friday morning, Citigroup upgraded shares of Dover (DOV) to a solid Buy rating from their previous Neutral rating.

The stock decreased 1.85% or $1.6 during the last trading session, reaching $84.74. About 1.76M shares traded or 14.32% up from the average. Dover Corporation (DOV) has risen 19.15% since September 8, 2017 and is uptrending. It has outperformed by 6.58% the S&P500.

Analysts await Dover Corporation (NYSE:DOV) to report earnings on October, 18. They expect $1.28 earnings per share, up 10.34 % or $0.12 from last year’s $1.16 per share. DOV’s profit will be $189.05 million for 16.55 P/E if the $1.28 EPS becomes a reality. After $1.30 actual earnings per share reported by Dover Corporation for the previous quarter, Wall Street now forecasts -1.54 % negative EPS growth.

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, software and digital solutions, and support services worldwide. The company has market cap of $12.52 billion. The firm operates in four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. It has a 17.79 P/E ratio. 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.

More recent Dover Corporation (NYSE:DOV) news were published by: Seekingalpha.com which released: “Expected Dividend Increases In September 2018” on September 01, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For September 7, 2018” on September 07, 2018. Benzinga.com‘s news article titled: “BMO Takes Chillier Stance On Dover Due To Refrigeration Market Pressures” with publication date: September 07, 2018 was also an interesting one.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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