B. Riley Wealth Advisors Inc. Buys 2,236 Shares of Dover Co. (NYSE:DOV)

B. Riley Wealth Advisors Inc. lifted its position in Dover Co. (NYSE:DOV) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,514 shares of the industrial products company’s stock after acquiring an additional 2,236 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Dover were worth $1,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DOV. Oddo BHF Asset Management Sas purchased a new stake in Dover in the 3rd quarter valued at about $1,823,000. Tidal Investments LLC grew its holdings in shares of Dover by 10.8% in the third quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company’s stock valued at $2,093,000 after acquiring an additional 1,063 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dover during the third quarter valued at approximately $525,000. World Investment Advisors LLC boosted its position in Dover by 4.2% in the third quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 131 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Dover by 11.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,675 shares of the industrial products company’s stock valued at $4,028,000 after purchasing an additional 2,051 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DOV shares. Citigroup lifted their target price on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Barclays increased their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $213.91.

Dover Price Performance

Dover stock opened at $199.65 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a one year low of $143.96 and a one year high of $208.26. The firm has a market capitalization of $27.39 billion, a P/E ratio of 17.86, a PEG ratio of 2.70 and a beta of 1.22. The business has a fifty day moving average price of $197.57 and a 200-day moving average price of $187.60.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is presently 18.43%.

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.