Donaldson Company, Inc. (NYSE:DCI) Stock Position Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its stake in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,504 shares of the industrial products company’s stock after buying an additional 550 shares during the quarter. Treasurer of the State of North Carolina owned about 0.05% of Donaldson worth $3,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DCI. Olympiad Research LP bought a new stake in Donaldson during the fourth quarter worth approximately $481,000. Jensen Investment Management Inc. raised its stake in shares of Donaldson by 35.0% in the 4th quarter. Jensen Investment Management Inc. now owns 56,760 shares of the industrial products company’s stock worth $3,709,000 after buying an additional 14,700 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Donaldson in the fourth quarter valued at $3,231,000. Stifel Financial Corp boosted its stake in Donaldson by 2.1% during the fourth quarter. Stifel Financial Corp now owns 154,422 shares of the industrial products company’s stock valued at $10,092,000 after buying an additional 3,165 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Donaldson by 215.2% during the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after acquiring an additional 1,060,232 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Price Performance

DCI stock opened at $73.11 on Wednesday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The firm has a 50-day moving average of $73.69 and a two-hundred day moving average of $68.75. The firm has a market capitalization of $8.80 billion, a PE ratio of 23.81, a P/E/G ratio of 2.09 and a beta of 1.06. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, June 17th. This is an increase from Donaldson’s previous quarterly dividend of $0.25. Donaldson’s dividend payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DCI. Robert W. Baird reduced their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.25.

Read Our Latest Report on Donaldson

Insider Activity

In other news, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Donaldson news, insider Sheila G. Kramer sold 45,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total value of $3,345,160.00. Following the completion of the sale, the insider now directly owns 23,171 shares of the company’s stock, valued at $1,703,531.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now owns 27,685 shares in the company, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Insiders sold 68,700 shares of company stock worth $5,050,727 over the last quarter. Corporate insiders own 2.58% of the company’s stock.

About Donaldson

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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