Stifel Financial Corp Purchases 33,156 Shares of Donaldson Company, Inc. (NYSE:DCI)

Stifel Financial Corp boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,819 shares of the industrial products company’s stock after buying an additional 33,156 shares during the period. Stifel Financial Corp owned approximately 0.16% of Donaldson worth $12,516,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Donaldson during the 4th quarter valued at about $943,000. JPMorgan Chase & Co. lifted its holdings in shares of Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after acquiring an additional 23,758 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Donaldson by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company’s stock worth $38,669,000 after acquiring an additional 158,487 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 206 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Owens sold 18,700 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,700 shares of company stock worth $5,164,799 in the last three months. 2.70% of the stock is owned by insiders.

Donaldson Price Performance

Shares of DCI stock opened at $62.76 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market capitalization of $7.50 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.82 and a beta of 1.01. The company’s 50-day simple moving average is $66.83 and its two-hundred day simple moving average is $70.52. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 1.72%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analyst Weigh In

DCI has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Stifel Nicolaus decreased their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. One equities 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.33.

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.