Clark Estates Incny Exits Position in Dover Corp (DOV)

Dover Corp (DOV) : Clark Estates Incny has sold out all of its stake in Dover Corp during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 42,800 shares of Dover Corp which is valued at $3,024,248.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in DOV by selling 15,333 shares or 47.18% in the most recent quarter. The Hedge Fund company now holds 17,169 shares of DOV which is valued at $1,213,162. Dover Corp makes up approx 0.05% of Boston Private Wealth’s portfolio.Grandfield Dodd reduced its stake in DOV by selling 2,910 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 39,678 shares of DOV which is valued at $2,834,200. Dover Corp makes up approx 0.38% of Grandfield Dodd’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in DOV by selling 2,605 shares or 7.87% in the most recent quarter. The Hedge Fund company now holds 30,509 shares of DOV which is valued at $2,191,767. Dover Corp makes up approx 1.19% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Catawba Capital Management Va reduced its stake in DOV by selling 550 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 18,570 shares of DOV which is valued at $1,356,539. Dover Corp makes up approx 0.32% of Catawba Capital Management Va’s portfolio.Pennsylvania Trust Co reduced its stake in DOV by selling 85 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 5,960 shares of DOV which is valued at $435,378. Dover Corp makes up approx 0.03% of Pennsylvania Trust Co’s portfolio.

Dover Corp opened for trading at $70.6 and hit $72.04 on the upside on Thursday, eventually ending the session at $71.15, with a gain of 0.69% or 0.49 points. The heightened volatility saw the trading volume jump to 9,67,981 shares. Company has a market cap of $11,044 M.

On the company’s financial health, Dover Corp reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.86. The company had revenue of $1686.35 million for the quarter, compared to analysts expectations of $1717.11 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on Dover Corp. Dover Corp was Upgraded by Bernstein to ” Outperform” on Jun 10, 2016. Company shares were Upgraded by Robert W. Baird on Jun 8, 2016 to ” Outperform”, Firm has raised the Price Target to $ 86 from a previous price target of $66 .Dover Corp was Upgraded by BofA/Merrill to ” Buy” on May 10, 2016.

Dover Corporation (Dover) is engaged in the manufacturing of equipment components and specialty systems. The Company also provides supporting engineering testing and other services. The Company operates through four business segments: Energy Engineered Systems Fluids and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production Bearings & Compression and Automation end markets and provides solutions and services for production and processing of oil natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling chemical hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

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