Advisors Capital Management LLC Buys 1,452 Shares of Donaldson Company, Inc. $DCI

Advisors Capital Management LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,563 shares of the industrial products company’s stock after buying an additional 1,452 shares during the quarter. Advisors Capital Management LLC’s holdings in Donaldson were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 409 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Donaldson in the first quarter worth about $29,000. NewSquare Capital LLC acquired a new position in shares of Donaldson during the 2nd quarter worth about $34,000. Brooklyn Investment Group boosted its stake in Donaldson by 113.9% during 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. Finally, Hoese & Co LLP grew its holdings in Donaldson by 266.7% in the 2nd quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock valued at $46,000 after buying an additional 480 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 1.1%

Shares of DCI opened at $85.63 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 company has a 50-day moving average price of $82.83 and a two-hundred day moving average price of $75.37. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.98 and a beta of 1.01. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $88.88.

Donaldson (NYSE:DCI) last posted its 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 business had revenue of $802.50 million during the quarter. Equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction 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 $3,647,942.95. This trade represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 29,330 shares in the company, valued at $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 63,900 shares of company stock worth $5,129,264 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DCI has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a report on Tuesday, September 2nd. Robert W. Baird boosted their target price on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Finally, Stifel Nicolaus upped their price objective on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Two 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. Based on data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and a consensus target price of $80.33.

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.