Asset Advisors Corp Trimmed Holding in Dover Corp (DOV) by $4.73 Million

November 10, 2018 - By Linda Rogers

Dover Corporation (NYSE:DOV) LogoInvestors sentiment decreased to 0.76 in 2018 Q2. Its down 0.08, from 0.84 in 2018Q1. It is 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. Woodley Farra Manion Mgmt Incorporated stated it has 300,506 shares. At Bank & Trust stated it has 0.03% of its portfolio in Dover Corporation (NYSE:DOV). 28,000 were accumulated by Ls Advisors Limited Co. Tower Cap Ltd Liability (Trc) holds 0.03% in Dover Corporation (NYSE:DOV) or 6,736 shares. Livingston Grp Asset Mgmt (Operating As Southport Cap Management) reported 24,099 shares. Neuberger Berman Grp Limited Liability Com holds 693,386 shares. Kbc Group Inc Nv reported 0.19% stake. Asset Advsrs owns 75,400 shares for 0.96% of their portfolio. The New York-based Savings Bank Of Ny Mellon has invested 0.04% in Dover Corporation (NYSE:DOV). Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 0.02% or 16,192 shares. Aristotle Mngmt Lc holds 0% or 6,770 shares in its portfolio. Stratos Wealth Limited reported 20,572 shares. Nomura Hldgs has 0.01% invested in Dover Corporation (NYSE:DOV) for 21,125 shares. Lodge Hill Capital Limited Liability Company holds 1.33% of its portfolio in Dover Corporation (NYSE:DOV) for 237,000 shares. Wetherby Asset Management invested in 3,446 shares or 0.03% of the stock.

Since May 29, 2018, it had 0 insider purchases, and 3 sales for $2.87 million activity. The insider Kloosterboer Jay L sold 14,745 shares worth $1.16M. WINSTON MARY A sold $197,146 worth of Dover Corporation (NYSE:DOV) on Thursday, June 7.

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 $12.65 billion market cap company. The stock decreased 0.40% or $0.35 during the last trading session, reaching $86.42. About 1.37M shares traded. Dover Corporation (NYSE:DOV) has risen 23.49% since November 10, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Analysts await Dover Corporation (NYSE:DOV) to report earnings on January, 29. They expect $1.31 EPS, up 15.93 % or $0.18 from last year’s $1.13 per share. DOV’s profit will be $191.69 million for 16.49 P/E if the $1.31 EPS becomes a reality. After $1.36 actual EPS reported by Dover Corporation for the previous quarter, Wall Street now forecasts -3.68 % negative EPS growth.

More news for Dover Corporation (NYSE:DOV) were recently published by: Prnewswire.com, which released: “New CPC QD Solution Optimizes HPC Liquid Cooling” on November 08, 2018. Benzinga.com‘s article titled: “Dover’s Q3 Earnings Preview” and published on October 17, 2018 is yet another important article.

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. As per Friday, July 20, the company rating was maintained by BMO Capital Markets. The stock of Dover Corporation (NYSE:DOV) has “Overweight” rating given on Monday, July 9 by Barclays Capital. Deutsche Bank maintained the shares of DOV in report on Thursday, July 12 with “Hold” rating. The firm has “Overweight” rating by Barclays Capital given on Friday, July 20. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, September 12. The firm has “Hold” rating by Deutsche Bank given on Friday, September 28. UBS maintained Dover Corporation (NYSE:DOV) on Thursday, August 30 with “Neutral” rating. On Wednesday, September 26 the stock rating was maintained by Bank of America with “Buy”. The company was downgraded on Friday, September 7 by BMO Capital Markets. The company was maintained on Wednesday, July 11 by Citigroup.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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