Blair William & Co. IL Increases Stake in Donaldson Company, Inc. $DCI

Blair William & Co. IL grew its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,573 shares of the industrial products company’s stock after acquiring an additional 1,311 shares during the quarter. Blair William & Co. IL owned about 0.08% of Donaldson worth $6,628,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. ICW Investment Advisors LLC raised its holdings in shares of Donaldson by 0.6% in the 1st quarter. ICW Investment Advisors LLC now owns 24,094 shares of the industrial products company’s stock worth $1,616,000 after purchasing an additional 150 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Donaldson by 2.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 160 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Donaldson by 1.7% in the 1st quarter. Cresset Asset Management LLC now owns 11,462 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 191 shares during the period. State of Michigan Retirement System raised its holdings in shares of Donaldson by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company’s stock worth $1,915,000 after purchasing an additional 200 shares during the period. Finally, Xponance Inc. raised its holdings in shares of Donaldson by 1.5% in the 1st quarter. Xponance Inc. now owns 13,872 shares of the industrial products company’s stock worth $930,000 after purchasing an additional 201 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DCI. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Donaldson in a research note on Saturday, September 27th. Morgan Stanley increased their target price on Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus increased their target price on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, Robert W. Baird increased their target price on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus target price of $80.33.

Donaldson Trading Down 2.1%

Shares of DCI opened at $79.75 on Monday. The company has a market capitalization of $9.24 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.89 and a beta of 0.99. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The stock has a 50-day moving average price of $78.58 and a 200 day moving average price of $71.75.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. The firm had revenue of $802.50 million during the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were given a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Donaldson’s dividend payout ratio (DPR) is presently 39.34%.

Insider Transactions at Donaldson

In other news, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares in the company, valued at approximately $2,000,170.27. This trade represents a 34.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the transaction, the insider owned 44,645 shares of the company’s stock, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,900 shares of company stock worth $5,129,264. 2.70% of the stock is currently owned by corporate insiders.

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.