JPMorgan Amends Dover Corp. Stake (SC 13G/A, Amendment 07)
Ticker: DOV · Form: SC 13G/A · Filed: Jan 18, 2024 · CIK: 29905
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A, Dover-Corp
TL;DR
**JPMorgan Chase just updated its Dover Corp. stake, keep an eye on institutional sentiment.**
AI Summary
JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 18, 2024, indicating a change in their beneficial ownership of Dover Corporation's common stock as of December 29, 2023. This filing, an amendment number 07, shows that JPMorgan Chase & Co. continues to hold a significant, though potentially adjusted, stake in Dover Corporation. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.
Why It Matters
This filing updates JPMorgan Chase & Co.'s beneficial ownership in Dover Corporation, providing transparency on a major institutional investor's position, which can impact market perception.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather transparency.
Analyst Insight
Investors should monitor future 13G/A filings from major institutions like JPMorgan Chase & Co. to track changes in their ownership percentages, as significant increases or decreases could signal shifts in institutional confidence in Dover Corporation.
Key Players & Entities
- JPMorgan Chase & Co. (company) — filer and beneficial owner of Dover Corporation shares
- Dover Corporation (company) — the subject company whose shares are being reported
- December 29, 2023 (date) — date of the event requiring the filing
- January 18, 2024 (date) — date the SC 13G/A filing was made
- Amendment No. 07 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by JPMorgan Chase & Co. regarding their holdings in Dover Corporation.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires this filing is December 29, 2023, as stated in the filing.
What is the CUSIP number for Dover Corporation's securities mentioned in the filing?
The CUSIP number for Dover Corporation's Common Stock, par value $1, is 260003108, according to the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'x' next to 'Rule 13d-1(b)' in the filing.
What is the significance of 'Amendment No. 07'?
Amendment No. 07 signifies that this is the seventh amendment to JPMorgan Chase & Co.'s original Schedule 13G filing concerning Dover Corporation, indicating previous updates have been made.
Filing Stats: 988 words · 4 min read · ~3 pages · Grade level 8.2 · Accepted 2024-01-18 08:19:59
Key Financial Figures
- $1 — ame of Issuer) Common Stock, par value $1 (Title of Class of Securities) 2600
Filing Documents
- Dover_Corporation.htm (SC 13G/A) — 86KB
- 0000019617-24-000104.txt ( ) — 88KB
From the Filing
SC 13G/A 1 Dover_Corporation.htm FILING DOVER CORPORATION Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 07 )* Dover Corporation (Name of Issuer) Common Stock, par value $1 (Title of Class of Securities) 260003108 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 260003108 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 12,983,267 6 SHARED VOTING POWER 37,335 7 SOLE DISPOSITIVE POWER 14,262,908 8 SHARED DISPOSITIVE POWER 40,454 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,309,617 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.2 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer Dover Corporation (b) Address of Issuer's Principal Executive Offices 3005 Highland Parkway, Downers Grove, Illinois 60515 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, par value $1 (e) CUSIP Number 260003108 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 14,309,617 (b) Percent of class: 10.2 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 12,983,267 (ii) Shared power to vote or to direct the vote: 37,335 (iii) Sole power to dispose or to direct the disposition of: 14,262,908 (iv) Shared power to dispose or to direct the disposition of: 40,454 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Chase Bank, National Association JPMorgan Asset Management (UK) Limited J.