Cwm LLC Has $84,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Cwm LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,710 shares of the industrial products company’s stock after buying an additional 313 shares during the quarter. Cwm LLC’s holdings in Donaldson were worth $84,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCI. Adirondack Trust Co. acquired a new position in Donaldson during the 3rd quarter worth about $39,000. Venture Visionary Partners LLC acquired a new position in Donaldson during the 2nd quarter worth about $40,000. Wipfli Financial Advisors LLC acquired a new position in Donaldson during the 3rd quarter worth about $58,000. Ellevest Inc. lifted its holdings in Donaldson by 117.2% during the 2nd quarter. Ellevest Inc. now owns 1,275 shares of the industrial products company’s stock worth $61,000 after buying an additional 688 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Donaldson by 15.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,480 shares of the industrial products company’s stock worth $71,000 after buying an additional 200 shares during the period. 80.10% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Down 0.9 %

Shares of NYSE:DCI opened at $61.14 on Wednesday. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.35 and a quick ratio of 1.48. The business’s 50-day moving average is $59.88 and its 200-day moving average is $55.24. Donaldson Company, Inc. has a 1 year low of $46.00 and a 1 year high of $62.16.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Monday, December 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, December 2nd. Donaldson’s payout ratio is 33.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DCI shares. Morgan Stanley lifted their target price on Donaldson from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, December 1st. Robert W. Baird boosted their price objective on Donaldson from $59.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th.

Insider Activity at Donaldson

In related news, President Thomas R. Scalf sold 10,500 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $60.95, for a total value of $639,975.00. Following the completion of the sale, the president now directly owns 26,166 shares of the company’s stock, valued at approximately $1,594,817.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Donaldson news, President Thomas R. Scalf sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $60.95, for a total transaction of $639,975.00. Following the completion of the sale, the president now directly owns 26,166 shares of the company’s stock, valued at approximately $1,594,817.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 1,206 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $61.00, for a total value of $73,566.00. Following the sale, the director now directly owns 38,806 shares of the company’s stock, valued at $2,367,166. The disclosure for this sale can be found here. Insiders sold 26,618 shares of company stock valued at $1,617,977 in the last three months. Corporate insiders own 2.77% of the company’s stock.

About Donaldson

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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