Asset Advisors Corp Has Trimmed Dover Corp (DOV) Holding by $4.73 Million; Stock Price Rose

September 16, 2018 - By Marie Mckinney

Dover Corporation (NYSE:DOV) LogoInvestors sentiment decreased to 0.76 in Q2 2018. Its down 0.08, from 0.84 in 2018Q1. It turned negative, 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. Veritable Lp has invested 0.01% in Dover Corporation (NYSE:DOV). First In owns 79 shares or 0% of their US portfolio. Ftb Advsr reported 4,709 shares. Sumitomo Mitsui Asset Mgmt Co invested in 10,702 shares. Texas-based Frontier Invest has invested 0.77% in Dover Corporation (NYSE:DOV). Moreover, Monetary Mgmt Gp has 0.02% invested in Dover Corporation (NYSE:DOV) for 600 shares. Numerixs Inc invested 0.01% in Dover Corporation (NYSE:DOV). Fred Alger Mgmt invested 0% of its portfolio in Dover Corporation (NYSE:DOV). Cornerstone Advsrs reported 488 shares. Tctc Lc invested in 3,500 shares or 0.01% of the stock. Natixis Limited Partnership invested in 0.02% or 35,487 shares. British Columbia Mgmt has 103,877 shares for 0.07% of their portfolio. Dupont Capital Corporation invested 0.02% in Dover Corporation (NYSE:DOV). Wells Fargo And Co Mn invested in 3.27 million shares. Palo Inc invested in 31,563 shares.

Since May 29, 2018, it had 0 insider purchases, and 3 insider sales for $2.87 million activity. Kloosterboer Jay L sold $1.16M worth of stock or 14,745 shares. On Thursday, June 7 WINSTON MARY A sold $197,146 worth of Dover Corporation (NYSE:DOV) or 2,500 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 $5.52M, 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 $13.07B market cap company. The stock increased 0.55% or $0.48 during the last trading session, reaching $88.48. About 1.31M 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 EPS, up 10.34 % or $0.12 from last year’s $1.16 per share. DOV’s profit will be $189.06M for 17.28 P/E if the $1.28 EPS becomes a reality. After $1.30 actual EPS 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. The stock has “Neutral” rating by UBS on Thursday, August 30. The stock of Dover Corporation (NYSE:DOV) has “Hold” rating given on Thursday, July 12 by Deutsche Bank. The rating was maintained by Morgan Stanley on Monday, April 30 with “Overweight”. The company was maintained on Thursday, April 5 by RBC Capital Markets. JP Morgan downgraded the stock to “Neutral” rating in Monday, March 26 report. The rating was maintained by Citigroup on Friday, July 20 with “Neutral”. Citigroup maintained the shares of DOV in report on Monday, April 30 with “Neutral” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 11 report. The rating was maintained by Barclays Capital with “Overweight” on Friday, July 20. The stock of Dover Corporation (NYSE:DOV) has “Overweight” rating given on Monday, July 9 by Barclays Capital.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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