Short Interest Filing: Does Dover Corporation (NYSE:DOV) Have Gas After Even More Sellers Involved?

December 1, 2016 - By Richard Conner   ·   0 Comments

Short Interest Filing: Does Dover Corporation (NYSE:DOV) Have Gas After Even More Sellers Involved?

The stock of Dover Corporation (NYSE:DOV) registered an increase of 3.62% in short interest. DOV’s total short interest was 2.97 million shares in December as published by FINRA. Its up 3.62% from 2.87M shares, reported previously. With 1.49M shares average volume, it will take short sellers 2 days to cover their DOV’s short positions. The short interest to Dover Corporation’s float is 1.94%. The stock increased 4.06% or $2.83 during the last trading session, hitting $72.61. Dover Corp (NYSE:DOV) has risen 9.95% since April 28, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $11.13 billion. The Firm also provides supporting engineering, testing and other services. It has a 23.44 P/E ratio. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.01, from 0.94 in 2016Q1. The ratio dropped, as 38 funds sold all Dover Corp shares owned while 196 reduced positions. 61 funds bought stakes while 158 increased positions. They now own 132.11 million shares or 2.85% less from 135.99 million shares in 2016Q1.
Moreover, Sumitomo Mitsui Asset Mgmt has 0.03% invested in Dover Corp (NYSE:DOV) for 12,178 shares. Stratos Wealth Prtnrs Ltd, a Ohio-based fund reported 6,513 shares. State Street Corp holds 0.07% or 8.75M shares in its portfolio. Tctc Hldgs Ltd Company owns 3,500 shares or 0.02% of their US portfolio. Voya Invest Management Ltd owns 89,607 shares or 0.02% of their US portfolio. Farmers And Merchants accumulated 0.61% or 78,483 shares. Grantham Mayo Van Otterloo & Ltd Liability Corporation holds 0.06% or 206,078 shares in its portfolio. Nicholas Invest Prtn Limited Partnership has invested 0.27% of its portfolio in Dover Corp (NYSE:DOV). Capstone Asset Mgmt has 14,397 shares for 0.03% of their US portfolio. Moreover, Aristotle Cap Management Ltd Com has 0.01% invested in Dover Corp (NYSE:DOV) for 8,040 shares. Americafirst Cap reported 1,323 shares or 0% of all its holdings. Blackrock Japan holds 0.05% of its portfolio in Dover Corp (NYSE:DOV) for 191,810 shares. Salem Mngmt accumulated 11,275 shares or 0.45% of the stock. Plante Moran Fincl Advsr holds 0.12% of its portfolio in Dover Corp (NYSE:DOV) for 2,469 shares. Lazard Asset Management Ltd Company holds 0% or 13,400 shares in its portfolio.

Insider Transactions: Since July 26, 2016, the stock had 0 insider buys, and 6 sales for $3.67 million net activity. Shares for $1.36 million were sold by STUBBS MICHAEL B. Shares for $104,262 were sold by Fincher C. Anderson. Shares for $38,832 were sold by Arkell Sandra A on Wednesday, October 26. $129,836 worth of Dover Corp (NYSE:DOV) was sold by Goldberg Paul. $807,889 worth of shares were sold by Kloosterboer Jay L on Thursday, November 10. Spurgeon William also sold $1.23 million worth of Dover Corp (NYSE:DOV) shares.

Dover Corp (NYSE:DOV) Ratings Coverage

Out of 19 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 42% are positive. Dover has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by Bernstein on Friday, January 15. The firm has “Sell” rating by Vertical Research given on Wednesday, August 26. The firm earned “Hold” rating on Tuesday, March 8 by Vertical Research. Oppenheimer initiated Dover Corp (NYSE:DOV) on Friday, December 4 with “Perform” rating. The stock of Dover Corp (NYSE:DOV) earned “Buy” rating by SunTrust on Tuesday, November 3. The stock of Dover Corp (NYSE:DOV) earned “Buy” rating by Nomura on Monday, March 7. Stifel Nicolaus maintained Dover Corp (NYSE:DOV) on Thursday, October 20 with “Hold” rating. The rating was maintained by Citigroup on Wednesday, June 8 with “Neutral”. The stock of Dover Corp (NYSE:DOV) has “Equal-Weight” rating given on Thursday, March 17 by Barclays Capital. The stock of Dover Corp (NYSE:DOV) earned “Sell” rating by UBS on Wednesday, January 13.

DOV Company Profile

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 Richard Conner

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