Wedbush Securities Inc. Purchases 844 Shares of Donaldson Company, Inc. (NYSE:DCI)

Wedbush Securities Inc. increased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,940 shares of the industrial products company’s stock after acquiring an additional 844 shares during the quarter. Wedbush Securities Inc.’s holdings in Donaldson were worth $640,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc raised its position in shares of Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after acquiring an additional 367,705 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in Donaldson by 3.5% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after purchasing an additional 61,584 shares during the last quarter. First Trust Advisors LP raised its holdings in Donaldson by 19.4% in the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Donaldson by 16.6% during the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after buying an additional 190,024 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Donaldson by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock valued at $91,964,000 after buying an additional 9,143 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.58% of the company’s stock.

Donaldson Price Performance

Shares of DCI opened at $70.10 on Friday. The firm has a market capitalization of $8.44 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company’s fifty day moving average price is $72.33 and its 200-day moving average price is $72.83. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DCI shares. Raymond James assumed coverage on shares of Donaldson in a research note on Friday, June 28th. They set a “market perform” rating for the company. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.