Nkcfo LLC Purchases Shares of 1,545 Donaldson Company, Inc. (NYSE:DCI)

Nkcfo LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,545 shares of the industrial products company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Donaldson by 32.1% in the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 3,201 shares during the last quarter. Norges Bank purchased a new position in shares of Donaldson during the fourth quarter worth about $57,923,000. UBS Group AG increased 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 worth $25,014,000 after purchasing an additional 174,193 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in Donaldson in the fourth quarter valued at approximately $253,000. Finally, Corient Private Wealth LLC raised its stake in Donaldson by 138.1% in the fourth quarter. Corient Private Wealth LLC now owns 85,139 shares of the industrial products company’s stock valued at $5,564,000 after purchasing an additional 49,383 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of Donaldson 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 one year low of $57.05 and a one year high of $78.03. The business’s 50 day simple moving average is $72.46 and its two-hundred day simple moving average is $72.90. The stock has a market capitalization 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.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DCI. Raymond James started coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird lowered their price objective 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. Finally, Stifel Nicolaus reduced their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.67.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were 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 filing with the SEC, which is available at the SEC website. Also, CFO Scott J. Robinson sold 37,600 shares of the business’s 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 transaction, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

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.