DekaBank Deutsche Girozentrale Buys 674 Shares of Donaldson Company, Inc. (NYSE:DCI)

DekaBank Deutsche Girozentrale increased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,553 shares of the industrial products company’s stock after purchasing an additional 674 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.14% of Donaldson worth $11,586,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc lifted its holdings in Donaldson by 215.2% in the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after buying an additional 1,060,232 shares during the period. Norges Bank purchased a new stake in Donaldson in the fourth quarter worth $57,923,000. Epoch Investment Partners Inc. grew its stake in Donaldson by 91.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock worth $74,610,000 after purchasing an additional 544,008 shares during the period. Eagle Ridge Investment Management purchased a new stake in Donaldson in the first quarter worth $25,351,000. Finally, Confluence Investment Management LLC purchased a new stake in Donaldson in the first quarter worth $25,018,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DCI shares. 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 note on Monday, June 3rd. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Raymond James assumed coverage on Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.67.

Donaldson Trading Up 0.8 %

Donaldson stock opened at $71.29 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $72.36 and its two-hundred day simple moving average is $72.91. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders 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 1.51%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is currently 33.44%.

Insider Activity

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

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.