Funds Buy, Trim Dover Stakes

Institutional investors made mixed changes to their Dover Corporation holdings in the third quarter. Machina Capital acquired 14,335 shares, valued at about $2.68 million, while Woodley Farra Manion Portfolio Management reduced its position by 3,999 shares, or 1.2%, leaving it with 338,078 shares worth approximately $63.2 million. Other funds also added to or initiated Dover positions, and institutional investors and hedge funds collectively owned about 84.46% of the company’s stock. Dover reported quarterly earnings of $2.88 per share, slightly above analysts’ consensus estimate of $2.85.