Stifel Financial Corp Increases Position in Donaldson Company, Inc. (NYSE:DCI)

Stifel Financial Corp boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,422 shares of the industrial products company’s stock after purchasing an additional 3,165 shares during the quarter. Stifel Financial Corp owned approximately 0.13% of Donaldson worth $10,092,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DCI. Lindbrook Capital LLC grew its stake in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. D.A. Davidson & CO. lifted its stake in Donaldson by 2.3% in the 3rd quarter. D.A. Davidson & CO. now owns 9,844 shares of the industrial products company’s stock valued at $587,000 after buying an additional 221 shares in the last quarter. Covestor Ltd boosted its holdings in Donaldson by 22.9% in the 3rd quarter. Covestor Ltd now owns 1,258 shares of the industrial products company’s stock worth $75,000 after buying an additional 234 shares during the last quarter. Burney Co. increased its stake in Donaldson by 1.7% during the 3rd quarter. Burney Co. now owns 14,065 shares of the industrial products company’s stock worth $839,000 after buying an additional 240 shares in the last quarter. Finally, SFE Investment Counsel raised its holdings in shares of Donaldson by 0.3% during the fourth quarter. SFE Investment Counsel now owns 84,416 shares of the industrial products company’s stock valued at $5,517,000 after acquiring an additional 261 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total value of $330,930.00. Following the transaction, the director now owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Sheila G. Kramer sold 45,500 shares of Donaldson 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 owns 23,171 shares in the company, valued at approximately $1,703,531.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Donaldson Stock Up 2.1 %

Shares of DCI opened at $74.65 on Thursday. The stock has a fifty day simple moving average of $73.69 and a two-hundred day simple moving average of $68.75. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $8.99 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03.

Donaldson (NYSE:DCIGet Free Report) last issued its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. Donaldson’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.27 per share. This is a boost from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.08 annualized dividend and a yield of 1.45%. Donaldson’s dividend payout ratio (DPR) is 32.57%.

Analysts Set New Price Targets

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

Read Our Latest Research Report on DCI

Donaldson Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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