Sprucegrove Investment Management Ltd. Grows Holdings in Donaldson Company, Inc. (NYSE:DCI)

Sprucegrove Investment Management Ltd. increased its position in Donaldson Company, Inc. (NYSE:DCI) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,731 shares of the industrial products company’s stock after acquiring an additional 4,000 shares during the quarter. Donaldson comprises approximately 1.1% of Sprucegrove Investment Management Ltd.’s holdings, making the stock its 16th biggest position. Sprucegrove Investment Management Ltd. owned about 0.26% of Donaldson worth $22,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its holdings in Donaldson by 2.8% during the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after buying an additional 140 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Donaldson by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after buying an additional 146 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after buying an additional 184 shares in the last quarter. Oak Family Advisors LLC grew its holdings in Donaldson by 4.3% during the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after buying an additional 197 shares in the last quarter. Finally, SkyOak Wealth LLC grew its holdings in Donaldson by 5.3% during the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after buying an additional 228 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now directly owns 17,788 shares in the company, valued at approximately $1,276,111.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird cut their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus cut their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Donaldson has an average rating of “Hold” and an average target price of $69.67.

Donaldson Trading Up 2.1 %

DCI stock opened at $73.15 on Friday. The firm has a fifty day moving average price of $72.43 and a 200 day moving average price of $72.90. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The firm has a market cap of $8.81 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a $0.27 dividend. 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 1.48%. Donaldson’s dividend payout ratio is presently 33.44%.

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.