First National Bank of Omaha Takes $483,000 Position in Donaldson Company, Inc. $DCI

First National Bank of Omaha bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,904 shares of the industrial products company’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DCI. True Wealth Design LLC boosted its holdings in shares of Donaldson by 203.7% in the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock valued at $27,000 after buying an additional 218 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Donaldson by 5,112.5% during the second quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 409 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 368 shares during the last quarter. NewSquare Capital LLC acquired a new stake in shares of Donaldson in the 2nd quarter valued at about $34,000. Finally, Employees Retirement System of Texas purchased a new position in Donaldson during the 2nd quarter worth approximately $68,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 19,800 shares of Donaldson stock in a transaction that occurred 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 directly owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $51,828.62. Following the completion of the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at $39,741.38. This trade represents a 56.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.20% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $107.68 on Friday. The firm’s fifty day simple moving average is $98.81 and its 200-day simple moving average is $88.01. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44. The stock has a market cap of $12.42 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.67 and a beta of 1.00. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $112.84.

Donaldson (NYSE:DCI) last released 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 net margin of 10.25% and a return on equity of 30.24%. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $922.68 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be paid 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 dividend payout ratio (DPR) is currently 37.38%.

Donaldson Profile

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.