Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 37,032 shares of the industrial products company’s stock after acquiring an additional 1,959 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Donaldson were worth $2,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,334 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new stake in Donaldson in the 4th quarter valued at about $943,000. JPMorgan Chase & Co. grew its holdings in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after buying an additional 23,758 shares during the period. GAMMA Investing LLC increased its stake in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 206 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in shares of Donaldson by 21.4% during the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock worth $4,702,000 after acquiring an additional 12,315 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DCI. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

DCI opened at $68.70 on Thursday. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The company has a 50 day moving average of $69.58 and a two-hundred day moving average of $71.62. The company has a market cap of $8.21 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. On average, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock worth $4,951,425 in the last 90 days. 2.70% of the stock is owned by company insiders.

About Donaldson

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.