B. Riley Wealth Advisors Inc. Purchases 470 Shares of Dover Co. (NYSE:DOV)

B. Riley Wealth Advisors Inc. increased its position in shares of Dover Co. (NYSE:DOV) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,637 shares of the industrial products company’s stock after purchasing an additional 470 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dover were worth $1,176,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Dover in the 1st quarter valued at $28,000. AdvisorNet Financial Inc lifted its stake in Dover by 783.3% during the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC boosted its holdings in Dover by 208.0% during the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 156 shares in the last quarter. Northwest Financial Advisors bought a new stake in shares of Dover in the 4th quarter valued at approximately $36,000. Finally, North Star Investment Management Corp. raised its holdings in shares of Dover by 93.0% in the 1st quarter. North Star Investment Management Corp. now owns 249 shares of the industrial products company’s stock worth $44,000 after buying an additional 120 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Up 0.1 %

Shares of DOV opened at $184.53 on Thursday. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.19 and a beta of 1.22. Dover Co. has a 52 week low of $127.25 and a 52 week high of $192.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. The business’s fifty day moving average price is $181.41 and its two-hundred day moving average price is $173.47.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. Dover had a return on equity of 24.94% and a net margin of 17.58%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company earned $2.05 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Dover Co. will post 9.15 earnings per share for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Dover’s payout ratio is presently 19.60%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Barclays upped their target price on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Mizuho boosted their price target on shares of Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Oppenheimer raised their price objective on shares of Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup boosted their target price on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.63.

Dover Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.