Large Outflow of Money Witnessed in Dover Corporation

Dover Corporation (NYSE:DOV) traded higher in the last at $70.69, gaining 0.02 points or 0.03%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.06) million. The composite uptick value of $7.32 million was eclipsed by the accrued downtick value of $9.38 million, thereby ensuring the up/down ratio of 0.78. For the week, the shares have posted returns of 5.89%.A block trade registered during the day has revealed $0 million in upticks and $2.01 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.01) million.


Currently the company Insiders own 2.6% of Dover Corporation shares according to the proxy statements. Institutional Investors own 87.96% of Dover Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -31.91%. On the companys insider trading activities,The director officer (CEO and President) of Dover Corp, Livingston Robert sold 5,000 shares at $76.84 on May 20, 2015. The Insider selling transaction had a total value worth of $384,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Dover Corporation (NYSE:DOV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.48 points or 0.68% at $70.19 with 1,009,582 shares getting traded. Post opening the session at $70.33, the shares hit an intraday low of $70 and an intraday high of $71.05 and the price was in this range throughout the day. The company has a market cap of $10,890 million and the number of outstanding shares have been calculated to be 155,148,750 shares. The 52-week high of Dover Corporation (NYSE:DOV) is $73.92 and the 52-week low is $50.91.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Bernstein upgrades the rating on Dover Corporation (NYSE:DOV). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 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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