Big Money Are Not Betting On Dover Corp (NYSE:DOV), Sentiment at 0.84

June 27, 2018 - By Samuel McNeil

Dover Corporation (NYSE:DOV) Corporate Logo

Positions for Dover Corp (NYSE:DOV)

In Q1 2018 Dover Corp (NYSE:DOV) big money sentiment decreased to 0.84, revealed SEC filings. So its down -0.15, from 2017Q4’s 0.99. 212 investment managers started new or increased positions, while 253 trimmed and sold holdings in Dover Corp so the sentiment fall. Funds own 129.71 million shares, down from 132.15 million shares in 2017Q4. Funds holding Dover Corp in top 10 decreased from 10 to 8 for a decrease of 2. In total 39 funds closed positions, 214 reduced and 140 increased. Also 72 funds bought new Dover Corp stakes.

Most Dover Corp Investors

As of Q1 2018 Cincinnati Indemnity Co has 11.99% invested in Dover Corp. Dover Corp’s shareholder Cincinnati Casualty Co owns 90,000 shares as of Q1 2018. In addition, Inverness Counsel Llc Ny reported 848,645 shares in Dover Corp equivalent to 5.02% of its fund portfolio. 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.14.98 is the 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.

DOV is hitting $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&P 500 by 6.58%.

On July, 19 is expected Dover Corporation (NYSE:DOV)’s earnings report, Faxor reports. Last year’s EPS was $1.04, while now analysts expect change of 17.31 % up from current $1.22 EPS. The profit will be $188.71M for DOV if $1.22 EPS becomes true. After $1.16 EPS was revealed last quarter, analysts now see EPS growth of 5.17 % for Dover Corporation.

Douglass Winthrop Limited Liability Corporation invested in 16,177 shs. 942,650 are held by Millennium Mngmt Limited Liability Company. State Common Retirement Fund reported 366,700 shs. The New York-based Laurion Capital Mgmt Lp has invested 0.04% in Dover Corporation (NYSE:DOV). Adi Capital Mngmt Ltd stated it has 50,000 shs. Third Point Ltd Liability Corporation holds 2.89% in Dover Corporation (NYSE:DOV) or 3.92M shs. The Massachusetts-based Winslow Evans Crocker has invested 0% in Dover Corporation (NYSE:DOV). Parthenon Limited Com has 108,225 shs. Advsr Asset invested in 11,570 shs. Mitsubishi Ufj Trust & reported 327,595 shs. Geode Cap invested in 0.06% or 1.73M shs. United Kingdom-based Barclays Plc has invested 0.01% in Dover Corporation (NYSE:DOV). 305,931 are owned by Arrowstreet Partnership. Welch & Forbes Ltd Liability Co accumulated 208,163 shs or 0.53% of the stock. Gotham Asset Management Lc has 317,327 shs for 0.44% of their capital.

Dover Corporation registered $4.30 million net activity with 1 insider buy and 7 sales since February 26, 2018. The insider Somasundaram Sivasankaran sold 5,000 shs worth $511,965. 2,500 shs were sold by WINSTON MARY A, worth $197,146 on Thursday, June 7. Burns Patrick also bought $61,908 worth of Dover Corporation (NYSE:DOV) shs. On Friday, June 15 Cerepak Brad M sold $1.52 million worth of Dover Corporation (NYSE:DOV). The insider Kloosterboer Jay L sold 14,745 shs worth $1.16 million. On Friday, March 9 $549,708 worth of Dover Corporation (NYSE:DOV) was sold by Kosinski Anthony K.

Dover Corporation (NYSE:DOV) Ratings Coverage

In total 12 analysts cover Dover Corp (NYSE:DOV). “Buy” rating has 4, “Sell” are 0, while 8 are “Hold”. 33% are bullish. With $120 highest and $10000 lowest target price Dover Corp has $108.10 average target price or 47.26% above the current ($73.41) price. 23 are the (NYSE:DOV)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Monday, April 30 the firm has “Neutral” rating given by Citigroup. On Thursday, April 5 RBC Capital Markets maintained Dover Corporation (NYSE:DOV) rating. RBC Capital Markets has “Hold” rating and $10000 target. On Tuesday, January 30 the stock of Dover Corporation (NYSE:DOV) has “Buy” rating given by Robert W. Baird. In Monday, April 16 report Stifel Nicolaus maintained the stock with “Hold” rating. On Friday, January 12 the stock of Dover Corporation (NYSE:DOV) has “Hold” rating given by Susquehanna. On Wednesday, January 31 the stock has “Hold” rating by Susquehanna. On Thursday, January 25 the stock of Dover Corporation (NYSE:DOV) earned “Buy” rating by BMO Capital Markets. On Tuesday, January 16 the firm earned “Hold” rating by Stifel Nicolaus. On Monday, April 30 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, April 30 the firm earned “Outperform” rating by BMO Capital Markets.

Another two news for Dover Corporation (NYSE:DOV) were recently released 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 released on June 05, 2018.

Dover Corporation (NYSE:DOV) Institutional Investors Chart

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