Dover Co. (NYSE:DOV) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in shares of Dover Co. (NYSE:DOV - Free Report) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,933 shares of the industrial products company's stock after selling 1,581 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Dover were worth $1,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DOV. Financial Life Planners bought a new position in shares of Dover during the 4th quarter worth $28,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Dover during the fourth quarter valued at $43,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the fourth quarter valued at $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 1.1%

Shares of Dover stock traded down $1.98 during trading on Friday, reaching $177.70. The company's stock had a trading volume of 1,483,831 shares, compared to its average volume of 972,270. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.06 and a beta of 1.28. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a 50-day simple moving average of $171.66 and a two-hundred day simple moving average of $187.21.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The company had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm's revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. Dover's payout ratio is currently 12.41%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DOV shares. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Robert W. Baird lowered their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $176.00 price target on shares of Dover in a report on Friday, April 25th. Barclays increased their price target on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.75.

About Dover

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.