Mercer Capital Advisers buys $47,212 stake in Dover Corp (DOV)

Dover Corp (DOV) : Mercer Capital Advisers scooped up 1 additional shares in Dover Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 701 shares of Dover Corp which is valued at $47,212.Dover Corp makes up approximately 0.04% of Mercer Capital Advisers’s portfolio.

Dover Corp opened for trading at $66.71 and hit $67.125 on the upside on Wednesday, eventually ending the session at $66.75, with a gain of 0.07% or 0.05 points. The heightened volatility saw the trading volume jump to 17,54,863 shares. Company has a market cap of $10,356 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in DOV during the most recent quarter. The investment firm sold 14,513 shares of DOV which is valued $977,451.Btim Corp. boosted its stake in DOV in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 15,275 shares of Dover Corp which is valued at $1,028,771. Dover Corp makes up approx 0.02% of Btim Corp.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in DOV in the latest quarter, The investment management firm added 1,986 additional shares and now holds a total of 33,914 shares of Dover Corp which is valued at $2,237,646. Dover Corp makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Capstone Asset Management Co reduced its stake in DOV by selling 20,660 shares or 58.37% in the most recent quarter. The Hedge Fund company now holds 14,732 shares of DOV which is valued at $972,017. Dover Corp makes up approx 0.03% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp reduced its stake in DOV by selling 27,316 shares or 25.96% in the most recent quarter. The Hedge Fund company now holds 77,904 shares of DOV which is valued at $4,965,601. Dover Corp makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Dover Corp reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.58. The company had revenue of $1622.30 million for the quarter, compared to analysts expectations of $1590.96 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Dover Corp. Company shares were Upgraded by Seaport Global Securities on Apr 25, 2016 to ” Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $59 .Company shares were Reiterated by Barclays on Apr 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 65 from a previous price target of $63 .Dover Corp was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Mar 21, 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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