Meiji Yasuda Asset Management Co Ltd. Acquires 1,945 Shares of Donaldson Company, Inc. (NYSE:DCI)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,969 shares of the industrial products company’s stock after buying an additional 1,945 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned about 0.06% of Donaldson worth $5,150,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DCI. Public Employees Retirement Association of Colorado bought a new stake in Donaldson in the 1st quarter valued at $660,000. UBS Group AG raised its position in shares of Donaldson by 83.5% in the fourth quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after purchasing an additional 174,193 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Donaldson by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock worth $10,575,000 after buying an additional 3,792 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Donaldson by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock worth $8,245,000 after buying an additional 19,670 shares during the period. Finally, SG Americas Securities LLC grew its stake in Donaldson by 254.5% in the 1st quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after buying an additional 16,071 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their price target on 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 began coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.67.

Donaldson Trading Up 0.1 %

Shares of NYSE:DCI opened at $71.71 on Thursday. The business’s 50 day simple moving average is $72.41 and its 200 day simple moving average is $72.91. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company has a market capitalization of $8.63 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.84 and a beta of 1.05.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.51%. Donaldson’s payout ratio is 33.44%.

Insider Buying and Selling at Donaldson

In other Donaldson 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 completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.