Sanctuary Advisors LLC Grows Stake in Donaldson Company, Inc. (NYSE:DCI)

Sanctuary Advisors LLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,882 shares of the industrial products company’s stock after purchasing an additional 2,095 shares during the period. Sanctuary Advisors LLC’s holdings in Donaldson were worth $1,568,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after acquiring an additional 118,156 shares in the last quarter. Scharf Investments LLC purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $61,697,000. JPMorgan Chase & Co. boosted its stake in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after purchasing an additional 23,758 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in Donaldson by 2.8% during the 3rd quarter. Retirement Systems of Alabama now owns 304,606 shares of the industrial products company’s stock worth $22,449,000 after purchasing an additional 8,154 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DCI. Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Stock Performance

Shares of NYSE DCI opened at $68.55 on Tuesday. The company has a 50 day simple moving average of $69.29 and a two-hundred day simple moving average of $72.21. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.82 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $66.01 and a 12 month high of $78.95.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is 31.40%.

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.