Dover (DOV) Shareholder Keating Investment Counselors Trimmed Holding as Stock Price Declined; Arrowgrass Capital Partners LP Holding in Rpm Intl (RPM) Raised as Market Valuation Rose

August 12, 2018 - By Jack Shaw

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Arrowgrass Capital Partners Lp increased its stake in Rpm Intl Inc (RPM) by 26.45% based on its latest 2018Q1 regulatory filing with the SEC. Arrowgrass Capital Partners Lp bought 27,300 shares as the company’s stock rose 1.24% while stock markets declined. The hedge fund held 130,518 shares of the paints and coatings company at the end of 2018Q1, valued at $6.22 million, up from 103,218 at the end of the previous reported quarter. Arrowgrass Capital Partners Lp who had been investing in Rpm Intl Inc for a number of months, seems to be bullish on the $8.48 billion market cap company. The stock decreased 0.30% or $0.19 during the last trading session, reaching $63.56. About 714,306 shares traded. RPM International Inc. (NYSE:RPM) has declined 4.66% since August 12, 2017 and is downtrending. It has underperformed by 17.23% the S&P500. Some Historical RPM News: 14/05/2018 – COPA HOLDINGS SA – APRIL 2018 RPM 1,712.5 MLN, UP 11.9 PCT; 05/04/2018 – RPM International Sees FY18 EPS $3.05-EPS $3.10; 05/04/2018 – RPM INTERNATIONAL INC RPM.N SEES FY 2018 SHR $3.05 TO $3.10; 01/05/2018 – RPM Mortgage’s Irvine Office, Led by Ben Anderson, Selected as One of the First Locations to Launch as LendUS; 05/04/2018 – RPM International 3Q Net $40.2M; 19/03/2018 – RPM Acquires Leader In Tile And Grout Sealer Market; 26/04/2018 – EQT CORP – PERMIAN SALE WILL REDUCE COMPANY’S 2018 PRODUCTION SALES VOLUME GUIDANCE BY 5 BCFE; 24/05/2018 – RPM International Short-Interest Ratio Rises 84% to 7 Days; 19/03/2018 – RPM BUYS LEADER IN TILE, GROUT SEALER MKT; 29/03/2018 – ATLATSA – DURING 2018, RPM, CO TO CONTINUE WORK FOR IMPLEMENTATION OF 2017 RESTRUCTURE PLAN BY FULFILLING TERMS, CONDITIONS CONTEMPLATED IN AGREEMENT

Keating Investment Counselors Inc decreased its stake in Dover Corp (DOV) by 11.97% based on its latest 2018Q1 regulatory filing with the SEC. Keating Investment Counselors Inc sold 3,725 shares as the company’s stock declined 6.08% with the market. The institutional investor held 27,405 shares of the industrial machinery and components company at the end of 2018Q1, valued at $2.69 million, down from 31,130 at the end of the previous reported quarter. Keating Investment Counselors Inc who had been investing in Dover Corp for a number of months, seems to be less bullish one the $12.05B market cap company. The stock decreased 1.06% or $0.87 during the last trading session, reaching $81.55. About 837,771 shares traded. Dover Corporation (NYSE:DOV) has risen 19.15% since August 12, 2017 and is uptrending. It has outperformed by 6.58% the S&P500. Some Historical DOV News: 09/05/2018 – DOVER REPORTS DISTRIBUTION OF SHRS OF APERGY TO HOLDERS; 27/04/2018 – DOVER CORP – QTRLY PERFORMANCE WAS PARTIALLY OFFSET BY SOFTER THAN EXPECTED RETAIL REFRIGERATION MARKETS; 22/05/2018 – Dover Microsystems Announces Advisory Board; 09/05/2018 – DOVER CORP – DOVER WILL RECEIVE A ONE-TIME CASH PAYMENT OF $700 MLN FROM APERGY IN CONNECTION WITH COMPLETION OF SPIN-OFF; 08/05/2018 – FITCH DOWNGRADES DOVER TO ‘BBB+’; OUTLOOK STABLE; 20/03/2018 – Dover Picks CEO of Ag Equipment Maker CNH As New Leader; 16/04/2018 – Dover Corp. Sees Apergy 1Q Rev $283M; 09/05/2018 – Dover Corp to Receive One-Time Payment of $700M; 20/03/2018 Dover Microsystems Expands Team; 27/04/2018 – DOVER CORP – EXCLUDING APERGY, CO SEES FULL YEAR 2018 REVENUE GROWTH OF 4% TO 5%, WHICH IS COMPRISED OF ORGANIC GROWTH OF 3% TO 4%

More recent Dover Corporation (NYSE:DOV) news were published by: Benzinga.com which released: “Q2 Earnings Preview For Dover” on July 18, 2018. Also Seekingalpha.com published the news titled: “More on Dover’s Q2” on July 19, 2018. Seekingalpha.com‘s news article titled: “Dover Corp 2018 Q2 – Results – Earnings Call Slides” with publication date: July 20, 2018 was also an interesting one.

Since February 26, 2018, it had 1 buy, and 7 insider sales for $4.30 million activity. The insider Goldberg Paul sold 3,300 shares worth $336,600. Kosinski Anthony K also sold $93,382 worth of Dover Corporation (NYSE:DOV) shares. 2,500 Dover Corporation (NYSE:DOV) shares with value of $197,146 were sold by WINSTON MARY A. Burns Patrick bought $61,908 worth of stock. The insider Somasundaram Sivasankaran sold 5,000 shares worth $511,965. 20,000 Dover Corporation (NYSE:DOV) shares with value of $1.52 million were sold by Cerepak Brad M.

Analysts await Dover Corporation (NYSE:DOV) to report earnings on October, 18. They expect $1.28 earnings per share, up 10.34% or $0.12 from last year’s $1.16 per share. DOV’s profit will be $189.06M for 15.93 P/E if the $1.28 EPS becomes a reality. After $1.30 actual earnings per share reported by Dover Corporation for the previous quarter, Wall Street now forecasts -1.54% negative EPS growth.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.15, from 0.99 in 2017Q4. It turned negative, as 39 investors sold DOV shares while 214 reduced holdings. 72 funds opened positions while 140 raised stakes. 129.71 million shares or 1.85% less from 132.15 million shares in 2017Q4 were reported. Aqr Limited Liability Com owns 126,318 shares. Advsr Asset Mngmt Inc has 11,570 shares. Pitcairn invested 0.06% in Dover Corporation (NYSE:DOV). 4,777 were accumulated by Alps Advsrs Incorporated. Kentucky Retirement Sys Insur Tru Fund has 0.07% invested in Dover Corporation (NYSE:DOV). Ifrah Financial owns 6,335 shares. 2,455 are owned by Middleton And Com Ma. 29,419 are held by Three Peaks Capital Mgmt Limited Co. M&T Commercial Bank holds 0.07% or 136,792 shares in its portfolio. Cape Cod Five Cents Savings Bank accumulated 2,200 shares or 0.03% of the stock. Beck Mack & Oliver Ltd Llc owns 551,588 shares. Newfocus Gru Llc has invested 2.42% in Dover Corporation (NYSE:DOV). Tributary Capital Limited Liability has 0.15% invested in Dover Corporation (NYSE:DOV). Pennsylvania accumulated 8,590 shares or 0.04% of the stock. Grantham Mayo Van Otterloo & Limited Liability Co owns 103,300 shares.

Among 24 analysts covering Dover (NYSE:DOV), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Dover had 111 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, April 30 by Stifel Nicolaus. BMO Capital Markets maintained the shares of DOV in report on Thursday, July 20 with “Buy” rating. The firm has “Perform” rating given on Friday, December 4 by Oppenheimer. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, January 31. Citigroup initiated the shares of DOV in report on Thursday, January 21 with “Neutral” rating. The rating was maintained by SunTrust with “Hold” on Wednesday, April 18. The firm earned “Neutral” rating on Monday, April 30 by Citigroup. The stock of Dover Corporation (NYSE:DOV) earned “Buy” rating by J.P. Morgan on Wednesday, September 20. The firm has “Mkt Perform” rating by Bernstein given on Friday, January 15. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 20.

Arrowgrass Capital Partners Lp, which manages about $14.76 billion and $2.92B US Long portfolio, decreased its stake in Stanley Black & Decker Inc (NYSE:SWK) by 2,000 shares to 50,000 shares, valued at $7.66M in 2018Q1, according to the filing. It also reduced its holding in Kroger Co (NYSE:KR) by 54,000 shares in the quarter, leaving it with 15,000 shares, and cut its stake in Tivo Corp.

Since July 20, 2018, it had 1 buying transaction, and 2 insider sales for $136,850 activity. Shares for $108,277 were sold by Nance Frederick R. on Monday, July 23. 8,100 RPM International Inc. (NYSE:RPM) shares with value of $503,163 were bought by BALLBACH JOHN M.

Among 13 analysts covering RPM International (NYSE:RPM), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. RPM International had 26 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, July 20, the company rating was maintained by Morgan Stanley. The firm earned “Underweight” rating on Friday, March 16 by JP Morgan. As per Friday, April 6, the company rating was maintained by Robert W. Baird. Seaport Global maintained RPM International Inc. (NYSE:RPM) on Friday, April 6 with “Buy” rating. The rating was maintained by Robert W. Baird on Friday, November 3 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $51.0 target in Monday, November 13 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 9 report. The firm has “Buy” rating by Vertical Research given on Wednesday, February 14. The firm earned “Neutral” rating on Tuesday, July 17 by Seaport Global. The stock has “Neutral” rating by Seaport Global on Wednesday, August 10.

More recent RPM International Inc. (NYSE:RPM) news were published by: Crainscleveland.com which released: “RPM International creates chief talent officer position” on July 23, 2018. Also Seekingalpha.com published the news titled: “RPM International Moves Closer To The Sale Block” on July 19, 2018. Seekingalpha.com‘s news article titled: “RPM Is A Buy Even At Its High” with publication date: August 01, 2018 was also an interesting one.

Dover Corporation (NYSE:DOV) Institutional Positions Chart

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