IFP Advisors Inc Sells 1,628 Shares of Donaldson Company, Inc. $DCI

IFP Advisors Inc cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 46.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,860 shares of the industrial products company’s stock after selling 1,628 shares during the period. IFP Advisors Inc’s holdings in Donaldson were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DCI. Cullen Frost Bankers Inc. bought a new stake in Donaldson in the 1st quarter valued at $29,000. Brooklyn Investment Group boosted its holdings in Donaldson by 113.9% in the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 320 shares during the period. Steph & Co. acquired a new position in shares of Donaldson in the 2nd quarter valued at $46,000. Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 34.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock valued at $54,000 after buying an additional 205 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Donaldson by 29.2% in the 1st quarter. Fifth Third Bancorp now owns 1,229 shares of the industrial products company’s stock valued at $82,000 after buying an additional 278 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of 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 Tuesday, October 14th. Morgan Stanley increased their price objective on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.33.

Donaldson Trading Up 0.6%

Shares of Donaldson stock opened at $82.81 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.59 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $83.45. The company has a 50-day simple moving average of $79.58 and a 200 day simple moving average of $72.23.

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

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, August 12th. Donaldson’s dividend payout ratio (DPR) is presently 39.34%.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 18,500 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the sale, the insider owned 44,645 shares in the company, valued at approximately $3,647,942.95. This trade represents a 29.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the transaction, the president directly owned 25,309 shares in the company, valued at $2,000,170.27. This trade represents a 34.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,900 shares of company stock worth $5,129,264. 2.20% 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.