American Century Companies Inc. Raises Stock Position in Donaldson Company, Inc. $DCI

American Century Companies Inc. boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,545,416 shares of the industrial products company’s stock after acquiring an additional 53,619 shares during the period. American Century Companies Inc. owned 1.33% of Donaldson worth $107,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth boosted its position in shares of Donaldson by 314.0% in the 1st quarter. Focus Partners Wealth now owns 57,028 shares of the industrial products company’s stock worth $3,824,000 after purchasing an additional 43,254 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Donaldson during the 1st quarter valued at about $4,849,000. Deutsche Bank AG raised its stake in Donaldson by 112.6% in the first quarter. Deutsche Bank AG now owns 27,570 shares of the industrial products company’s stock valued at $1,849,000 after buying an additional 14,603 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Donaldson by 6.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 668,399 shares of the industrial products company’s stock worth $44,823,000 after acquiring an additional 41,623 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Donaldson in the second quarter worth about $403,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

Shares of NYSE:DCI opened at $90.55 on Wednesday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $90.76. The company’s 50 day moving average is $83.65 and its 200 day moving average is $76.42. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.49 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Donaldson’s payout ratio is currently 39.34%.

Analysts Set New Price Targets

DCI has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird lifted their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $72.00 to $84.00 in a report on Monday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president directly owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amy C. Becker sold 18,500 shares of the 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 sale, the insider directly owned 44,645 shares in the company, valued at $3,647,942.95. This represents a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 63,900 shares of company stock valued at $5,129,264. 2.20% of the stock is owned by insiders.

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.