Cerity Partners LLC Has $782,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

Cerity Partners LLC reduced its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,615 shares of the industrial products company’s stock after selling 516 shares during the quarter. Cerity Partners LLC’s holdings in Donaldson were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the period. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Donaldson in the 3rd quarter valued at about $41,000. V Square Quantitative Management LLC increased its position in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after buying an additional 301 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DCI. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Finally, Stifel Nicolaus dropped their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.00.

Donaldson Trading Down 0.4 %

NYSE DCI opened at $73.05 on Friday. Donaldson Company, Inc. has a twelve month low of $61.00 and a twelve month high of $78.95. The company has a quick ratio of 1.23, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The business’s fifty day moving average is $75.13 and its 200 day moving average is $73.43.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same quarter last year, the business earned $0.75 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.48%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Activity

In related news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock worth $12,310,222 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Donaldson Company 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.