Kayne Anderson Rudnick Investment Management LLC Has $134.83 Million Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,884,187 shares of the industrial products company’s stock after purchasing an additional 32,964 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 1.56% of Donaldson worth $134,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Employees Retirement Association of Colorado bought a new position in Donaldson in the first quarter valued at about $660,000. UBS Group AG increased its position in Donaldson by 83.5% during the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock worth $25,014,000 after purchasing an additional 174,193 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Donaldson by 2.6% in the 2nd quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after purchasing an additional 3,792 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after buying an additional 19,670 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Donaldson by 254.5% during the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after buying an additional 16,071 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Owens sold 5,210 shares of Donaldson 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 completion of the transaction, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James Owens sold 5,210 shares of the stock in a transaction on 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 directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were 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 owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DCI. Stifel Nicolaus cut their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Finally, Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.67.

Donaldson Trading Down 1.1 %

NYSE DCI opened at $72.36 on Friday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. 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 firm has a market capitalization of $8.71 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The business’s 50-day moving average price is $72.46 and its two-hundred day moving average price is $72.90.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. Donaldson’s payout ratio is 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.