Charter Trust Co Lowers stake in Dover Corp (DOV)

Dover Corp (DOV) : Charter Trust Co reduced its stake in Dover Corp by 0.86% during the most recent quarter end. The investment management company now holds a total of 8,640 shares of Dover Corp which is valued at $585,619 after selling 75 shares in Dover Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Dover Corp makes up approximately 0.07% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in DOV in the latest quarter, The investment management firm added 1,603 additional shares and now holds a total of 36,852 shares of Dover Corp which is valued at $2,497,829. Dover Corp makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Msi Financial Services Inc reduced its stake in DOV by selling 447 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 4,449 shares of DOV which is valued at $296,481. Dover Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Catawba Capital Management Va reduced its stake in DOV by selling 1,600 shares or 8.62% in the most recent quarter. The Hedge Fund company now holds 16,970 shares of DOV which is valued at $1,225,913. Dover Corp makes up approx 0.29% of Catawba Capital Management Va’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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