Traders See Bearish Options Activity Dover Corp

 Traders See Bearish Options Activity Dover Corp

In today’s session Dover Corp (DOV) recorded an unusually high (260) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious DOV decrease. With 260 contracts traded and 1814 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: DOV170120P00065000 closed last at: $0.8 or 11.1% down. About 232,828 shares traded hands. Dover Corp (NYSE:DOV) has risen 6.04% since April 26, 2016 and is uptrending. It has outperformed by 0.78% the S&P500.

Analysts await Dover Corp (NYSE:DOV) to report earnings on January, 24. They expect $0.80 EPS, down 1.23% or $0.01 from last year’s $0.81 per share. DOV’s profit will be $121.65 million for 21.72 P/E if the $0.80 EPS becomes a reality. After $0.87 actual EPS reported by Dover Corp for the previous quarter, Wall Street now forecasts -8.05% negative EPS growth.

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. Dover has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, March 8 by Vertical Research. The firm has “Neutral” rating by Citigroup given on Wednesday, March 16. The firm has “Neutral” rating by JP Morgan given on Friday, September 11. On Monday, March 14 the stock rating was maintained by Credit Suisse with “Outperform”. Barclays Capital maintained Dover Corp (NYSE:DOV) rating on Monday, October 5. Barclays Capital has “Equal-Weight” rating and $51 price target. The company was initiated on Thursday, January 21 by Citigroup. Barclays Capital maintained the shares of DOV in a report on Monday, July 18 with “Equalweight” rating. The company was initiated on Tuesday, November 3 by SunTrust. The stock of Dover Corp (NYSE:DOV) earned “Equal-Weight” rating by Barclays Capital on Thursday, March 17. The rating was initiated by Oppenheimer with “Perform” on Friday, December 4.

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 decreased to 0.93 in Q2 2016. Its down 0.01, from 0.94 in 2016Q1. The ratio worsened, 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.
The Texas-based Texas Permanent School Fund has invested 0.05% in Dover Corp (NYSE:DOV). Financial Architects, a New Jersey-based fund reported 1,065 shares. Amp Capital last reported 0.05% of its portfolio in the stock. Axa accumulated 71,300 shares or 0.02% of the stock. Commonwealth Savings Bank Of Aus accumulated 20,336 shares or 0.02% of the stock. Nomura Holdings Incorporated owns 50,846 shares or 0.01% of their US portfolio. State Street reported 8.75M shares or 0.07% of all its holdings. Osborn Rohs Williams And Donohoe Limited owns 20,158 shares or 0.27% of their US portfolio. The California-based Reilly Financial Advsr Limited Liability Com has invested 0% in Dover Corp (NYSE:DOV). Natl Pension Ser holds 0.08% of its portfolio in Dover Corp (NYSE:DOV) for 123,669 shares. Moreover, Franklin Inc has 0.25% invested in Dover Corp (NYSE:DOV) for 6.67 million shares. The Massachusetts-based Baldwin Brothers Ma has invested 0.01% in Dover Corp (NYSE:DOV). Cambridge has invested 0.02% of its portfolio in Dover Corp (NYSE:DOV). State Board Of Administration Of Florida Retirement Sys last reported 237,511 shares in the company. Moreover, Grantham Mayo Van Otterloo & Ltd Liability Corp has 0.06% invested in Dover Corp (NYSE:DOV) for 206,078 shares.

Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 6 sales for $3.67 million net activity. Fincher C. Anderson sold $104,262 worth of Dover Corp (NYSE:DOV) on Monday, August 8. Another trade for 11,501 shares valued at $807,889 was made by Kloosterboer Jay L on Thursday, November 10. $38,832 worth of Dover Corp (NYSE:DOV) shares were sold by Arkell Sandra A. Spurgeon William also sold $1.23M worth of Dover Corp (NYSE:DOV) shares. Shares for $1.36 million were sold by STUBBS MICHAEL B on Thursday, November 10. $129,836 worth of Dover Corp (NYSE:DOV) was sold by Goldberg Paul.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $10.57 billion. The Firm also provides supporting engineering, testing and other services. It has a 22.44 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.

Another recent and important Dover Corp (NYSE:DOV) news was published by Investorplace.com which published an article titled: “Why Now May Be the Time to Dump Dover Corp (DOV)” on November 09, 2016.

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