Benjamin F. Edwards & Company Inc. Sells 1,767 Shares of Donaldson Company, Inc. (NYSE:DCI)

Benjamin F. Edwards & Company Inc. reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,370 shares of the industrial products company’s stock after selling 1,767 shares during the period. Benjamin F. Edwards & Company Inc. owned approximately 0.09% of Donaldson worth $7,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Place Capital Corp bought a new position in Donaldson in the 1st quarter worth about $27,000. YHB Investment Advisors Inc. bought a new position in shares of Donaldson in the first quarter worth approximately $32,000. Versant Capital Management Inc grew its holdings in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the last quarter. Mather Group LLC. increased its position in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in Donaldson in the 1st quarter worth approximately $46,000. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now 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 accessible through this link. In other Donaldson news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated 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 transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Donaldson Stock Performance

DCI stock opened at $72.36 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The company has a market cap of $8.71 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The stock’s fifty day moving average price is $72.46 and its 200-day moving average price is $72.90.

Donaldson Announces Dividend

The company also recently declared 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 was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s dividend payout ratio is currently 33.44%.

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.