Johnson Investment Counsel Inc. Acquires 859 Shares of Donaldson Company, Inc. $DCI

Johnson Investment Counsel Inc. lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,270 shares of the industrial products company’s stock after acquiring an additional 859 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Donaldson were worth $3,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of Donaldson during the 1st quarter worth approximately $29,000. Brooklyn Investment Group boosted its stake in shares of Donaldson by 113.9% during the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 320 shares during the period. Steph & Co. bought a new position in shares of Donaldson during the 2nd quarter worth approximately $46,000. CX Institutional bought a new position in shares of Donaldson during the 1st quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 34.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 205 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 31,900 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the transaction, the director owned 29,330 shares of the company’s stock, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction dated 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 directly 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 valued at $5,129,264. Corporate insiders own 2.70% of the company’s stock.

Donaldson Price Performance

Donaldson stock opened at $79.75 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $83.43. The stock has a market capitalization of $9.24 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The stock has a fifty day moving average of $78.58 and a 200-day moving average of $71.75.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. Donaldson’s payout ratio is 39.34%.

Analysts Set New Price Targets

Several brokerages have recently commented on DCI. Robert W. Baird lifted their target price on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Morgan Stanley boosted their price target 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 boosted their price target on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Donaldson in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.33.

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.