Stock Yards Bank Trust Co Lowers stake in Dover Corp (DOV)

Dover Corp (DOV) : Stock Yards Bank Trust Co reduced its stake in Dover Corp by 29.12% during the most recent quarter end. The investment management company now holds a total of 5,352 shares of Dover Corp which is valued at $362,759 after selling 2,199 shares in Dover Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Dover Corp makes up approximately 0.05% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in DOV by selling 75 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 8,640 shares of DOV which is valued at $585,619. Dover Corp makes up approx 0.07% of Charter Trust Co’s portfolio.Gofen Glossberg Il reduced its stake in DOV by selling 500 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of DOV which is valued at $600,210. Dover Corp makes up approx 0.02% of Gofen Glossberg Il’s portfolio.Salem Capital Management Inc reduced its stake in DOV by selling 525 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 10,750 shares of DOV which is valued at $716,918. Dover Corp makes up approx 0.40% of Salem Capital Management Inc’s portfolio.Kempner Capital Management reduced its stake in DOV by selling 1,100 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 29,412 shares of DOV which is valued at $2,167,076. Dover Corp makes up approx 1.49% of Kempner Capital Management’s portfolio.

Dover Corp opened for trading at $67 and hit $68.105 on the upside on Friday, eventually ending the session at $67.78, with a gain of 1.71% or 1.14 points. The heightened volatility saw the trading volume jump to 17,51,992 shares. Company has a market cap of $10,521 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 Initiated by Susquehanna to “Neutral” on Oct 7, 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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