Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,023 shares of the industrial products company’s stock after acquiring an additional 668 shares during the period. Commonwealth Equity Services LLC’s holdings in Donaldson were worth $2,435,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its holdings in shares of Donaldson by 2.8% during the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 140 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Donaldson by 31.6% in the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 184 shares in the last quarter. Oak Family Advisors LLC grew its position in Donaldson by 4.3% during the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 197 shares in the last quarter. SkyOak Wealth LLC raised its position in Donaldson by 5.3% during the first quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 228 shares in the last quarter. Finally, Claro Advisors LLC boosted its holdings in shares of Donaldson by 2.3% during the 1st quarter. Claro Advisors LLC now owns 10,461 shares of the industrial products company’s stock worth $781,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE DCI opened at $70.10 on Friday. The company has a market capitalization of $8.44 billion, a PE ratio of 21.70, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. The firm has a fifty day simple moving average of $72.33 and a 200 day simple moving average of $72.83.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Insider Transactions at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.58% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several recent analyst reports. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday. Stifel Nicolaus decreased their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Raymond James assumed coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird reduced their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.67.

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.