Thrivent Financial for Lutherans Boosts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Thrivent Financial for Lutherans increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 46.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,148 shares of the industrial products company’s stock after purchasing an additional 37,778 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Donaldson worth $8,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp bought a new position in Donaldson in the 1st quarter valued at $27,000. YHB Investment Advisors Inc. bought a new stake in Donaldson during the first quarter valued at $32,000. Versant Capital Management Inc increased its stake in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 494 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Donaldson during the 1st quarter valued at about $46,000. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly 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. In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares in the company, valued at $3,015,313.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,310 shares of company stock worth $8,092,999. Insiders own 2.58% of the company’s stock.

Donaldson Trading Up 2.0 %

Shares of DCI opened at $73.97 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The firm has a 50 day moving average price of $72.41 and a 200-day moving average price of $72.90. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.91 and a beta of 1.05.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Ratings Changes

Several research firms recently weighed in on DCI. Raymond James started coverage on shares of Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird lowered their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Donaldson has an average rating of “Hold” and an average price target of $69.67.

Donaldson Company Profile

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.