Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,422 shares of the industrial products company’s stock after buying an additional 160 shares during the period. 1832 Asset Management L.P. owned approximately 0.21% of Donaldson worth $17,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. BNP Paribas Financial Markets boosted its holdings in shares of Donaldson by 32.1% during the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock worth $860,000 after purchasing an additional 3,201 shares during the last quarter. Norges Bank acquired a new position in Donaldson during the fourth quarter worth $57,923,000. UBS Group AG grew its holdings in Donaldson by 83.5% in the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after buying an additional 174,193 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in Donaldson in the 4th quarter valued at $253,000. Finally, Corient Private Wealth LLC increased its stake in shares of Donaldson by 138.1% in the 4th quarter. Corient Private Wealth LLC now owns 85,139 shares of the industrial products company’s stock worth $5,564,000 after acquiring an additional 49,383 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Trading Up 0.5 %

NYSE DCI opened at $72.64 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The stock has a market capitalization of $8.75 billion, a P/E ratio of 22.49, a PEG ratio of 1.84 and a beta of 1.05. The firm’s 50-day moving average is $72.46 and its two-hundred day moving average is $72.89. 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 (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Insider Buying and Selling at Donaldson

In other news, insider Amy C. Becker sold 14,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the sale, the insider now owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the business’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 completion of the transaction, 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 this hyperlink. Also, insider Amy C. Becker sold 14,500 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares in the company, valued at $3,015,313.52. The disclosure for this sale can be found here. Insiders sold a total of 57,310 shares of company stock valued at $4,099,142 in the last three months. 2.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DCI. Stifel Nicolaus dropped their price objective 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. Raymond James assumed coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Robert W. Baird reduced their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.67.

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.