Jim Cramer's fund sold its shares in Dover to open a position in Micron
Jim Cramer's charitable foundation completely exited its position in the industrial conglomerate Dover by selling 195 shares at approximately $211 each. The sale was intended to free up space in the portfolio for a new position in Micron, which was opened earlier that same day, according to CNBC.
Following the transaction, the fund no longer holds any shares of Dover, which trades under the ticker symbol DOV. This was the final sale of the company’s shares: the fund had sold the first portion of its position the previous week at approximately $204 per share.
The decision to sell the remaining shares aligns with the assessment of Dover’s quarterly results released on July 23. CNBC noted that prior to the report, this quarter was considered decisive for the industrial conglomerate’s continued presence in the portfolio.
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Dover missed part of its sales target due to difficulties scaling up production in its CO2-cooling business during the consolidation of manufacturing capacity. CNBC described the issue as temporary and resolvable. Following the earnings report, Dover’s stock price fell from approximately $214 to $198; however, the fund did not sell its shares immediately, planning to exit the position once the stock price recovered.
Based on the sale, the fund expects an average return of about 19% on the Dover shares purchased between December 2024 and July 2025. At the time of the final transaction, the company’s stock price was approximately $3 below its closing price prior to the release of the quarterly report.
