Could Dover Corp Increase After Today’s Tip From Option Traders?

 Could Dover Corp Increase After Today's Tip From Option Traders?

In today’s session Dover Corp (DOV) recorded an unusually high (209) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DOV decrease. With 209 contracts traded and 6304 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DOV161118P00065000 closed last at: $1.2 or 0% . About 512,853 shares traded hands. Dover Corp (NYSE:DOV) has risen 5.43% since April 4, 2016 and is uptrending. It has outperformed by 4.34% the S&P500.

Dover Corp (NYSE:DOV) Ratings Coverage

Out of 19 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 42% are positive. $86 is the highest target while $51 is the lowest. The $68.58 average target is 3.08% above today’s ($66.53) stock price. Dover has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Susquehanna given on Friday, October 7. The rating was upgraded by Robert W. Baird on Wednesday, June 8 to “Outperform”. The company was initiated on Friday, December 4 by Oppenheimer. The company was downgraded on Friday, January 15 by Bernstein. The rating was maintained by Barclays Capital on Monday, July 18 with “Equalweight”. The firm earned “Neutral” rating on Thursday, January 21 by Citigroup. Barclays Capital maintained it with “Equal-Weight” rating and $56 target price in Thursday, March 17 report. Vertical Research upgraded Dover Corp (NYSE:DOV) on Wednesday, August 26 to “Sell” rating. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. The firm has “Outperform” rating given on Friday, June 10 by Bernstein.

According to Zacks Investment Research, “Dover Corporation is a world-wide, diversified manufacturer of industrial products. The company’s businesses are divided into the following four business segments: Dover Diversified; Dover Industries; Dover Resources; and Dover Technologies.”

Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.10, from 0.84 in 2016Q1. The ratio improved, as 38 funds sold all Dover Corp shares owned while 196 reduced positions. 61 funds bought stakes while 158 increased positions. They now own 132.11 million shares or 2.85% less from 135.99 million shares in 2016Q1.
Boston Advsr Limited Co owns 15,702 shares or 0.03% of their US portfolio. Adams Diversified Equity Fund accumulated 0.82% or 176,000 shares. Credit Suisse Ag has 0.05% invested in the company for 694,634 shares. Euclid Advsrs Ltd Liability Corp has invested 0.09% of its portfolio in Dover Corp (NYSE:DOV). Barclays Plc holds 0.01% of its portfolio in Dover Corp (NYSE:DOV) for 158,422 shares. Jfs Wealth Advsr Limited Liability Co has invested 0.07% of its portfolio in Dover Corp (NYSE:DOV). Texas Yale Capital Corp holds 0.12% or 18,090 shares in its portfolio. National Bank & Trust Of Montreal Can holds 1.68 million shares or 0.13% of its portfolio. Neville Rodie Shaw last reported 0.04% of its portfolio in the stock. Exxonmobil Inv Management Tx has 40,160 shares for 0.06% of their US portfolio. Lowe Brockenbrough & Comm accumulated 38,940 shares or 0.47% of the stock. Estabrook Capital holds 0% of its portfolio in Dover Corp (NYSE:DOV) for 36,811 shares. Rockefeller Finance Services holds 0.05% of its portfolio in Dover Corp (NYSE:DOV) for 38,494 shares. Nuance Investments Llc, a Kansas-based fund reported 22,452 shares. Tower Research Capital Limited Liability Company (Trc) has invested 0.01% of its portfolio in Dover Corp (NYSE:DOV).

Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 4 selling transactions for $1.50 million net activity. $38,832 worth of shares were sold by Arkell Sandra A on Wednesday, October 26. $104,262 worth of Dover Corp (NYSE:DOV) shares were sold by Fincher C. Anderson. 17,170 shares were sold by Spurgeon William, worth $1.23M. 1,800 shares were sold by Goldberg Paul, worth $129,836 on Wednesday, August 3.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $10.30 billion. The Firm also provides supporting engineering, testing and other services. It has a 21.48 P/E ratio. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

DOV Company Profile

Dover Corporation (Dover), incorporated on April 22, 1947, is engaged in the manufacturing of equipment, components and specialty systems. The Firm also provides supporting engineering, testing and other services. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Company’s businesses are based in the United States and Europe with manufacturing and other activities across the world. The Company’s clients include businesses supplying the waste and recycling; agricultural; defense; energy; automotive and commercial refrigeration industries; businesses supplying the power generation; aerospace, and chemical industries.

More notable recent Dover Corp (NYSE:DOV) news were published by: Zacks.com which released: “Will Dover Corp (DOV) Disappoint This Earnings Season?” on October 17, 2016, also Investorplace.com with their article: “Is It Time to Offload Dover Corp Stock? (DOV)” published on October 14, 2016, Streetinsider.com published: “Form FWP DOVER Corp Filed by: DOVER Corp” on November 02, 2016. More interesting news about Dover Corp (NYSE:DOV) were released by: Reuters.com and their article: “BRIEF-UK’s CMA to investigate Dover Corp deal to buy Wayne Fueling Systems” published on October 10, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Dover Corp sees Q3 earnings per share $0.81 to $0.83” with publication date: October 10, 2016.

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