Farther Finance Advisors LLC Purchases 2,606 Shares of Donaldson Company, Inc. (NYSE:DCI)

Farther Finance Advisors LLC lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 71.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,241 shares of the industrial products company’s stock after purchasing an additional 2,606 shares during the period. Farther Finance Advisors LLC’s holdings in Donaldson were worth $421,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Wesbanco Bank Inc. bought a new position in Donaldson in the 1st quarter worth approximately $263,000. Bank of New Hampshire raised its stake in Donaldson by 13.7% during the 1st quarter. Bank of New Hampshire now owns 12,608 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 1,516 shares during the last quarter. UMB Bank n.a. raised its stake in Donaldson by 220.0% during the 1st quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 693 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in Donaldson by 0.6% in the 1st quarter. Radnor Capital Management LLC now owns 70,260 shares of the industrial products company’s stock valued at $4,712,000 after purchasing an additional 440 shares during the period. Finally, Impact Capital Partners LLC bought a new position in shares of Donaldson during the 1st quarter worth about $378,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted their target price on Donaldson from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Wall Street Zen cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Stifel Nicolaus decreased their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.00.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

Donaldson Trading Up 0.4%

Shares of Donaldson stock opened at $68.96 on Tuesday. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The stock has a market capitalization of $8.04 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $68.42. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. This is an increase from Donaldson’s previous quarterly dividend of $0.27. Donaldson’s payout ratio is presently 40.27%.

Donaldson 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.