November 25, 2016 - By Adrian Mccoy · 0 Comments
Dover Corp (NYSE:DOV) institutional sentiment decreased to 0.93 in 2016 Q2. Its down -0.01, from 0.94 in 2016Q1. The ratio is negative, as 219 hedge funds started new and increased stock positions, while 234 decreased and sold their holdings in Dover Corp. The hedge funds in our partner’s database reported: 132.11 million shares, down from 135.99 million shares in 2016Q1. Also, the number of hedge funds holding Dover Corp in their top 10 stock positions increased from 7 to 10 for an increase of 3. Sold All: 38 Reduced: 196 Increased: 158 New Position: 61.
Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $11.29 billion. The Firm also provides supporting engineering, testing and other services. It has a 23.25 P/E ratio. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.
About 104,752 shares traded hands. Dover Corp (NYSE:DOV) has risen 7.26% since April 22, 2016 and is uptrending. It has outperformed by 1.85% the S&P500.
Analysts await Dover Corp (NYSE:DOV) to report earnings on January, 24. They expect $0.80 EPS, down 1.23% or $0.01 from last year’s $0.81 per share. DOV’s profit will be $125.43 million for 22.50 P/E if the $0.80 EPS becomes a reality. After $0.87 actual EPS reported by Dover Corp for the previous quarter, Wall Street now forecasts -8.05% negative EPS growth.
According to Zacks Investment Research, “Dover Corporation is a world-wide, diversified manufacturer of industrial products. The company’s businesses are divided into the following four business segments: Dover Diversified; Dover Industries; Dover Resources; and Dover Technologies.”
Cincinnati Indemnity Co holds 8.7% of its portfolio in Dover Corp for 29,000 shares. Cincinnati Casualty Co owns 90,000 shares or 6.37% of their US portfolio. Moreover, Inverness Counsel Llc Ny has 5.41% invested in the company for 1.00 million shares. The Colorado-based Gavekal Capital Llc has invested 4.87% in the stock. Williams Jones & Associates Llc, a New York-based fund reported 1.39 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 selling transactions for $3.67 million net activity.
Ratings analysis reveals 42% of Dover’s analysts are positive. Out of 19 Wall Street analysts rating Dover, 8 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $51 while the high is $86. The stock’s average target of $68.58 is -4.76% below today’s ($72.01) share price. DOV was included in 45 notes of analysts from July 22, 2015. The firm has “Outperform” rating by Bernstein given on Monday, August 31. The firm has “Sector Perform” rating given on Tuesday, November 3 by RBC Capital Markets. The stock of Dover Corp (NYSE:DOV) has “Buy” rating given on Friday, September 4 by William Blair. The rating was upgraded by Bernstein on Friday, June 10 to “Outperform”. Robert W. Baird upgraded Dover Corp (NYSE:DOV) on Wednesday, June 8 to “Outperform” rating. The firm has “Sell” rating by Vertical Research given on Wednesday, August 26. Citigroup maintained it with “Neutral” rating and $65 target price in Tuesday, April 19 report. Stifel Nicolaus maintained it with “Hold” rating and $72 target price in Thursday, October 20 report. The rating was downgraded by Vertical Research on Tuesday, March 8 to “Hold”. The firm has “Buy” rating given on Tuesday, November 3 by Suntrust Robinson.
Dover Corporation (Dover), incorporated on April 22, 1947, is engaged in the manufacturing of equipment, components and specialty systems. The Firm also provides supporting engineering, testing and other services. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Company’s businesses are based in the United States and Europe with manufacturing and other activities across the world. The Company’s clients include businesses supplying the waste and recycling; agricultural; defense; energy; automotive and commercial refrigeration industries; businesses supplying the power generation; aerospace, and chemical industries.
Another recent and important Dover Corp (NYSE:DOV) news was published by Investorplace.com which published an article titled: “Why Now May Be the Time to Dump Dover Corp (DOV)” on November 09, 2016.
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By Adrian Mccoy