Gavekal Capital Lowers stake in Dover Corp (DOV)

Dover Corp (DOV) : Gavekal Capital reduced its stake in Dover Corp by 43.66% during the most recent quarter end. The investment management company now holds a total of 128,656 shares of Dover Corp which is valued at $8,720,304 after selling 99,684 shares in Dover Corp , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Dover Corp makes up approximately 2.98% of Gavekal Capital’s portfolio.

Other Hedge Funds, Including , Btim Corp. boosted its stake in DOV in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 16,225 shares of Dover Corp which is valued at $1,099,731. Dover Corp makes up approx 0.02% of Btim Corp.’s portfolio.National Pension Service boosted its stake in DOV in the latest quarter, The investment management firm added 11,520 additional shares and now holds a total of 135,189 shares of Dover Corp which is valued at $9,163,110. Dover Corp makes up approx 0.07% of National Pension Service’s portfolio.Fruth Investment Management reduced its stake in DOV by selling 500 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 10,225 shares of DOV which is valued at $684,155. Dover Corp makes up approx 0.35% of Fruth Investment Management’s portfolio.Capital Asset Advisory Services reduced its stake in DOV by selling 3,585 shares or 39.37% in the most recent quarter. The Hedge Fund company now holds 5,522 shares of DOV which is valued at $368,262. Dover Corp makes up approx 0.51% of Capital Asset Advisory Services’s portfolio.Advisory Services Network boosted its stake in DOV in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 492 shares of Dover Corp which is valued at $35,542. Dover Corp makes up approx 0.01% of Advisory Services Network’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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