Capital Counsel LLC NY Sells 3,796 Shares of Donaldson Company, Inc. $DCI

Capital Counsel LLC NY cut its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 988,275 shares of the industrial products company’s stock after selling 3,796 shares during the quarter. Donaldson comprises about 2.8% of Capital Counsel LLC NY’s holdings, making the stock its 12th biggest holding. Capital Counsel LLC NY owned about 0.85% of Donaldson worth $68,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Focus Partners Wealth boosted its holdings in shares of Donaldson by 314.0% during the 1st quarter. Focus Partners Wealth now owns 57,028 shares of the industrial products company’s stock valued at $3,824,000 after buying an additional 43,254 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in Donaldson during the first quarter worth about $4,849,000. Deutsche Bank AG grew its holdings in Donaldson by 112.6% in the first quarter. Deutsche Bank AG now owns 27,570 shares of the industrial products company’s stock worth $1,849,000 after purchasing an additional 14,603 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Donaldson by 6.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 668,399 shares of the industrial products company’s stock valued at $44,823,000 after purchasing an additional 41,623 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Donaldson by 20.9% during the first quarter. Voya Investment Management LLC now owns 157,802 shares of the industrial products company’s stock valued at $10,582,000 after purchasing an additional 27,325 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other news, President Guillermo Briseno sold 13,500 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

Donaldson Price Performance

NYSE DCI opened at $89.90 on Monday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $90.94. The stock has a 50-day moving average of $84.19 and a 200 day moving average of $76.84. 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 company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.98 and a beta of 1.01.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be paid 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%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DCI shares. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus raised their price target on Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a report on Monday, November 24th. Robert W. Baird upped their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Finally, Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Moderate Buy” and a consensus price target of $86.33.

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.