We are buying 75 shares of Dover at roughly $180. Following the trade. Jim Cramer's Charitable Trust will own 250 shares of Dover, increasing its weighting in the portfolio to about 1.4% from about 1%. Dover shares hit a rough patch this week, falling alongside many other industrials on concerns about the health of manufacturing after the release of soft PMI numbers Monday.
Specifically, its biopharmaceutical components business is finally inflecting as customers work down excess inventory and biotech funding improves — similar dynamics brightening the outlook for fellow Club name Danaher . Dover's products in this area include flow control valves and ultrasonic sensors. Its CO2 systems business also is benefiting from regulatory tailwinds that are driving the transition toward natural refrigerants in the food retail market.
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