Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,690 shares of the industrial products company’s stock after acquiring an additional 392 shares during the quarter. Advisory Services Network LLC’s holdings in Donaldson were worth $1,932,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC lifted its holdings in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC boosted its position in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 353 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Donaldson by 61.9% during the fourth quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 461 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.00.

Donaldson Stock Up 2.0 %

Shares of NYSE:DCI opened at $63.38 on Friday. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm’s 50 day moving average price is $67.58 and its 200 day moving average price is $70.87. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. Donaldson’s dividend payout ratio is currently 31.58%.

Insider Activity

In related news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently owned by insiders.

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.