Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in Donaldson Company, Inc. (NYSE:DCIFree Report) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,861 shares of the industrial products company’s stock after selling 1,756 shares during the period. Private Advisor Group LLC’s holdings in Donaldson were worth $1,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of DCI. Vanguard Group Inc. lifted its stake in Donaldson by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,957,726 shares of the industrial products company’s stock worth $772,799,000 after acquiring an additional 43,490 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Donaldson by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after acquiring an additional 42,365 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in Donaldson by 3.5% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after acquiring an additional 61,584 shares in the last quarter. First Trust Advisors LP increased its holdings in Donaldson by 19.4% during the 4th 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 during the period. Finally, TD Asset Management Inc increased its holdings in Donaldson by 215.2% during the 4th quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after purchasing an additional 1,060,232 shares during the period. Institutional investors and hedge funds 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 firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is currently owned by company insiders.

Donaldson Trading Down 1.5 %

DCI opened at $69.33 on Wednesday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The company has a market cap of $8.35 billion, a P/E ratio of 21.46, a PEG ratio of 1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.91. The business’s 50-day simple moving average is $73.10 and its 200-day simple moving average is $70.50.

Donaldson (NYSE:DCIGet Free Report) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The business had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.37 EPS for the current fiscal year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, June 17th. This is an increase from Donaldson’s previous quarterly dividend of $0.25. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

Several brokerages have weighed in on DCI. Raymond James began coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.67.

Get Our Latest Stock Analysis on DCI

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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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