As Dover Corp (DOV) Stock Value Rose, Holder Asset Advisors Corp Has Lowered Its Stake

September 16, 2018 - By Mary Kidd

Dover Corporation (NYSE:DOV) LogoInvestors sentiment decreased to 0.76 in Q2 2018. Its down 0.08, from 0.84 in 2018Q1. It dived, as 80 investors sold DOV shares while 194 reduced holdings. 52 funds opened positions while 155 raised stakes. 131.60 million shares or 1.45% more from 129.71 million shares in 2018Q1 were reported. Barclays Public Limited Com stated it has 212,253 shares or 0.01% of all its holdings. Cambridge Inv Rech Advsrs stated it has 14,316 shares or 0.01% of all its holdings. Btim Corp reported 25,235 shares. Hilton Mgmt Limited Liability Corp has invested 0% in Dover Corporation (NYSE:DOV). Intact Mngmt Inc invested in 3,100 shares or 0.01% of the stock. Fiduciary Tru accumulated 26,453 shares. California Pub Employees Retirement accumulated 453,099 shares. Kayne Anderson Rudnick Mgmt Ltd Liability Com invested in 5,000 shares. Trust Communications Of Vermont holds 14,391 shares or 0.09% of its portfolio. Financial Bank Of America Corp De, North Carolina-based fund reported 5.30M shares. Pitcairn Company invested 0.05% of its portfolio in Dover Corporation (NYSE:DOV). Ibm Retirement Fund owns 0.04% invested in Dover Corporation (NYSE:DOV) for 2,856 shares. Hudson Bay Mngmt Ltd Partnership holds 0.14% or 135,000 shares. Lombard Odier Asset Management (Switzerland) Sa reported 27,360 shares stake. Lmr Partners Llp holds 4,364 shares or 0.02% of its portfolio.

Since May 29, 2018, it had 0 insider purchases, and 3 insider sales for $2.87 million activity. The insider WINSTON MARY A sold 2,500 shares worth $197,146. Kloosterboer Jay L also sold $1.16M worth of Dover Corporation (NYSE:DOV) shares.

Asset Advisors Corp decreased its stake in Dover Corp (DOV) by 46.24% based on its latest 2018Q2 regulatory filing with the SEC. Asset Advisors Corp sold 64,840 shares as the company’s stock rose 12.82% with the market. The institutional investor held 75,400 shares of the industrial machinery and components company at the end of 2018Q2, valued at $5.52 million, down from 140,240 at the end of the previous reported quarter. Asset Advisors Corp who had been investing in Dover Corp for a number of months, seems to be less bullish one the $13.07 billion market cap company. The stock increased 0.55% or $0.48 during the last trading session, reaching $88.48. About 1.31 million shares traded. Dover Corporation (NYSE:DOV) has risen 23.49% since September 16, 2017 and is uptrending. It has outperformed by 7.87% 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 $189.06 million for 17.28 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.

More news for Dover Corporation (NYSE:DOV) were recently published by: Benzinga.com, which released: “BMO Takes Chillier Stance On Dover Due To Refrigeration Market Pressures” on September 07, 2018. Seekingalpha.com‘s article titled: “Expected Dividend Increases In September 2018” and published on September 01, 2018 is yet another important article.

Dover Corporation (NYSE:DOV) Ratings Coverage

Among 10 analysts covering Dover (NYSE:DOV), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Dover had 20 analyst reports since March 26, 2018 according to SRatingsIntel. Barclays Capital maintained Dover Corporation (NYSE:DOV) rating on Monday, April 30. Barclays Capital has “Overweight” rating and $113 target. Citigroup maintained it with “Neutral” rating and $84 target in Wednesday, July 11 report. BMO Capital Markets maintained it with “Outperform” rating and $115 target in Monday, April 30 report. The company was maintained on Friday, July 20 by Morgan Stanley. Morgan Stanley maintained it with “Overweight” rating and $106 target in Monday, April 30 report. The firm has “Neutral” rating given on Friday, July 20 by Citigroup. The rating was maintained by Citigroup on Monday, April 30 with “Neutral”. The firm has “Overweight” rating given on Monday, July 9 by Barclays Capital. The rating was maintained by SunTrust on Wednesday, April 18 with “Hold”. As per Monday, March 26, the company rating was downgraded by JP Morgan.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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