Ivory Investment Management LP Decreased Stake in Dover Corp (DOV) by $10.95 Million; Shares Rose

November 10, 2018 - By Catherine Smith

Dover Corporation (NYSE:DOV) Corporate LogoDuring 2018 Q2 the big money sentiment decreased to 0.76. That’s change of 0.08, from 2018Q1’s 0.84. 80 investors sold all, 194 reduced holdings as DOV ratio dived. 155 increased positions while 52 funds amassed positions. Funds hold 131.60 million shares thus 1.45% more from 2018Q1’s 129.71 million shares. Company Savings Bank accumulated 57,275 shs. Bartlett Ltd Co reported 0.01% in Dover Corporation (NYSE:DOV). Burney invested in 145,443 shs. Hsbc Holding Plc owns 238,776 shs for 0.03% of their capital. 2,978 were accumulated by Farmers Financial Bank. Advisory Ser Network Limited Liability stated it has 0% in Dover Corporation (NYSE:DOV). Geode Capital Limited Liability Company reported 0.04% in Dover Corporation (NYSE:DOV). Swiss Bancshares accumulated 510,817 shs. Qci Asset Management Ny invested 0% in Dover Corporation (NYSE:DOV). Pennsylvania Tru Com owns 0.03% invested in Dover Corporation (NYSE:DOV) for 8,415 shs. Robeco Institutional Asset Mgmt Bv accumulated 35,466 shs or 0.01% of the stock. Moreover, Haverford Tru has 0.01% invested in Dover Corporation (NYSE:DOV) for 4,237 shs. Bessemer Grp Inc reported 0.47% of its capital in Dover Corporation (NYSE:DOV). Hudson Bay Cap Mgmt LP stated it has 135,000 shs or 0.14% of all its holdings. Nuveen Asset Management Limited Liability Company reported 0.01% of its capital in Dover Corporation (NYSE:DOV).

DOV registered $2.87 million net activity with 0 insider purchases and 3 insider sales since May 29, 2018. On Friday, June 15 Shares for $1.52M were sold by Cerepak Brad M. On Tuesday, May 29 Kloosterboer Jay L sold $1.16 million worth of Dover Corporation (NYSE:DOV).

Ivory Investment Management Lp decreased its stake by 23.54% in Dover Corp (DOV), according to 2018Q2 SEC form. By selling 149,962 shares Ivory Investment Management Lp made the stock popped up with 12.82%. The industrial machinery and components company at the end of 2018Q2 was valued at $35.65 million. It’s down from 636,927 at the end of the previous reported quarter. Now it had 486,965 shares held by the hedge fund . For a total of 166,466 shares it increased its holding in Spdr S&P 500 Etf Tr (SPY) by 66,193 shares in the quarter, and has risen its stake in .

Investors expect Dover Corporation (NYSE:DOV)’s quarterly earnings on January, 29., as reported by RTT. Analysts expect change of 15.93 % or $0.18 from previous year’s $1.13 earnings per share compared to current’s $1.31 earnings per share. If $1.31 is reported, DOV’s profit will hit $191.69M for 16.49 P/E. Analysts at Wall Street see Dover Corporation’s -3.68 % negative EPS growth compared to $1.36 earnings per share for last quarter.

Another two news for Dover Corporation (NYSE:DOV) were recently announced by: Benzinga.com on October 17, 2018 with title “Dover’s Q3 Earnings Preview”. The other Prnewswire.com‘s article was titled “New CPC QD Solution Optimizes HPC Liquid Cooling” and announced on November 08, 2018.

Dover Corporation (NYSE:DOV) Ratings Coverage

Total analysts of 8 have positions in Dover (NYSE:DOV) as follows: 4 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 50%. Since July 9, 2018 according to StockzIntelligence Inc Dover has 15 analyst reports. On Friday, October 19 Barclays Capital maintained Dover Corporation (NYSE:DOV) with “Overweight” rating. On Friday, July 20 the firm has “Overweight” rating given by Barclays Capital. On Thursday, August 30 the firm earned “Neutral” rating by UBS. On Monday, July 9 the rating was maintained by Barclays Capital with “Overweight”. On Friday, September 7 the rating was upgraded by Citigroup to “Buy”. On Friday, September 28 the firm earned “Hold” rating by Deutsche Bank. On Friday, October 19 the rating was maintained by BMO Capital Markets with “Market Perform”. In Wednesday, September 26 report Bank of America maintained it with “Buy” rating and $105 target. On Friday, July 20 the stock has “Neutral” rating by Citigroup. The stock rating was maintained by BMO Capital Markets with “Outperform” on Friday, July 20.

Dover Corporation (NYSE:DOV) Institutional Investors Chart

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