Wedge Capital Management L LP Has Lifted Its Stake in Dover Corporation (DOV) by $13.34 Million

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. 4,802 were accumulated by Fulton Financial Bank Na. Strs Ohio reported 0.01% in Dover Corporation (NYSE:DOV). Richard Bernstein Advsrs Ltd Co reported 43,443 shares stake. Natl Bank Of America De accumulated 5.30 million shares. Newfocus Gru Limited Liability reported 39,462 shares stake. Barclays Public Limited Co, United Kingdom-based fund reported 212,253 shares. Kentucky Retirement Ins Tru Fund, Kentucky-based fund reported 2,913 shares. Oakworth Inc reported 314 shares. National Bank & Trust Of Ny Mellon holds 0.04% or 2.25 million shares. Orrstown Financial Inc stated it has 0.07% in Dover Corporation (NYSE:DOV). Guardian Life Ins Of America owns 426 shares for 0.01% of their portfolio. Westpac Banking invested in 8,851 shares or 0% of the stock. Cleararc Capital invested in 0.04% or 3,981 shares. Toronto Dominion Financial Bank stated it has 0.02% in Dover Corporation (NYSE:DOV). Signature Mgmt holds 0.04% or 2,740 shares in its portfolio.

Since June 7, 2018, it had 0 insider buys, and 2 insider sales for $1.68 million activity. Another trade for 20,000 shares valued at $1.52M was made by Cerepak Brad M on Friday, June 15.

Wedge Capital Management L LP increased its stake in Dover Corporation (DOV) by 11.09% based on its latest 2018Q2 regulatory filing with the SEC. Wedge Capital Management L LP bought 182,723 shares as the company’s stock rose 12.82% with the market. The institutional investor held 1.83M shares of the industrial machinery and components company at the end of 2018Q2, valued at $133.97 million, up from 1.65M at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in Dover Corporation for a number of months, seems to be bullish on the $11.64B market cap company. The stock decreased 4.77% or $3.98 during the last trading session, reaching $79.51. About 413,627 shares traded. Dover Corporation (NYSE:DOV) has risen 23.49% since December 6, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Wedge Capital Management L L P, which manages about $10.84 billion and $10.22 billion US Long portfolio, decreased its stake in Eastman Chemical Company (NYSE:EMN) by 145,592 shares to 876,945 shares, valued at $87.66 million in 2018Q2, according to the filing. It also reduced its holding in Alliance Data Systems Corporation (NYSE:ADS) by 31,224 shares in the quarter, leaving it with 372,059 shares, and cut its stake in Packaging Corporation Of America (NYSE:PKG).

More notable recent Dover Corporation (NYSE:DOV) news were published by: Prnewswire.com which released: “New CPC QD Solution Optimizes HPC Liquid Cooling – PR Newswire” on November 08, 2018, also Fool.com with their article: “3 Unknown but Amazing Dividend Stocks – Motley Fool” published on November 14, 2018, Gurufocus.com published: “New Wilden® V150 Velocity Series Pump Provides Versatility and Reliability for System & Skid Operators – GuruFocus.com” on November 29, 2018. More interesting news about Dover Corporation (NYSE:DOV) were released by: Benzinga.com and their article: “TWG’s dp Winch Expands Offerings for the Light Duty Recovery Market – Benzinga” published on November 15, 2018 as well as Seekingalpha.com‘s news article titled: “Dividend Champion Spotlight: Dover Corp. – Seeking Alpha” with publication date: December 05, 2018.

Dover Corporation (NYSE:DOV) Ratings Coverage

Among 8 analysts covering Dover (NYSE:DOV), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Dover had 15 analyst reports since July 9, 2018 according to SRatingsIntel. The stock of Dover Corporation (NYSE:DOV) earned “Overweight” rating by Barclays Capital on Monday, July 9. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, September 12. The rating was maintained by Morgan Stanley with “Overweight” on Friday, July 20. The stock of Dover Corporation (NYSE:DOV) has “Overweight” rating given on Friday, October 19 by Barclays Capital. Deutsche Bank maintained Dover Corporation (NYSE:DOV) rating on Thursday, July 12. Deutsche Bank has “Hold” rating and $79 target. The company was upgraded on Friday, September 7 by Citigroup. The company was maintained on Friday, September 28 by Deutsche Bank. The stock of Dover Corporation (NYSE:DOV) earned “Neutral” rating by UBS on Thursday, August 30. The stock has “Buy” rating by Bank of America on Wednesday, September 26. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, September 7.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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