Dover Corp (DOV) : Newfocus Financial Group scooped up 211 additional shares in Dover Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 37,757 shares of Dover Corp which is valued at $2,784,201.Dover Corp makes up approximately 1.98% of Newfocus Financial Group’s portfolio.
Other Hedge Funds, Including , Greenleaf Trust sold out all of its stake in DOV during the most recent quarter. The investment firm sold 226,379 shares of DOV which is valued $16,170,252.Candriam Luxembourg S.c.a. reduced its stake in DOV by selling 4,107 shares or 35.0% in the most recent quarter. The Hedge Fund company now holds 7,626 shares of DOV which is valued at $547,852. Dover Corp makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio. American Century Companies Inc added DOV to its portfolio by purchasing 56,720 company shares during the most recent quarter which is valued at $4,074,765.
Dover Corp closed down -0.35 points or -0.47% at $73.88 with 8,25,538 shares getting traded on Wednesday. Post opening the session at $74.25, the shares hit an intraday low of $73.62 and an intraday high of $74.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.
Investors should note that on Aug 5, 2016, Dover Corp announced a cash dividend of $0.4400. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.
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 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.