Envestnet Asset Management Inc. Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Envestnet Asset Management Inc. grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 35.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,409 shares of the industrial products company’s stock after purchasing an additional 53,376 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Donaldson worth $13,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after buying an additional 180 shares during the period. Venturi Wealth Management LLC raised its position in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 353 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Donaldson by 61.9% in the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 461 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Trading Down 1.0 %

NYSE DCI opened at $62.58 on Thursday. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $67.15 and its 200-day moving average price is $70.67. The stock has a market cap of $7.48 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.73%. Donaldson’s payout ratio is currently 31.58%.

Insider Activity at Donaldson

In related news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus lowered their price objective on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research report on Monday. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Donaldson has an average rating of “Hold” and a consensus price target of $71.33.

About Donaldson

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.