Donaldson Company, Inc. $DCI Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 248,704 shares of the industrial products company’s stock after selling 9,605 shares during the period. Alps Advisors Inc. owned 0.21% of Donaldson worth $20,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DCI. True Wealth Design LLC increased its stake in Donaldson by 203.7% during the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after buying an additional 218 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 409 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Donaldson by 3,680.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after buying an additional 368 shares during the period. NewSquare Capital LLC purchased a new position in shares of Donaldson during the 2nd quarter worth $34,000. Finally, Hoese & Co LLP raised its stake in shares of 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 acquiring an additional 480 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Price Performance

DCI stock opened at $109.11 on Monday. The business’s 50-day moving average is $95.51 and its two-hundred day moving average is $85.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.15 and a quick ratio of 1.39. The firm has a market capitalization of $12.58 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.70 and a beta of 1.00. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $109.88.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. Donaldson’s payout ratio is 37.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DCI shares. Robert W. Baird set a $110.00 price objective on shares of Donaldson in a research report on Monday, February 2nd. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Jefferies Financial Group lifted their price objective on Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Stifel Nicolaus increased their target price on Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Three investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.25.

Insider Buying and Selling at Donaldson

In related news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the transaction, the chief financial officer owned 434 shares in the company, valued at approximately $39,741.38. The trade was a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares in the company, valued at approximately $4,049,115.72. This represents a 31.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.