CIBC Asset Management Inc Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

CIBC Asset Management Inc grew its holdings in Donaldson Company, Inc. (NYSE:DCI) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738 shares of the industrial products company’s stock after purchasing an additional 187 shares during the quarter. CIBC Asset Management Inc’s holdings in Donaldson were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DCI. Private Advisor Group LLC lifted its stake in Donaldson by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 1,974 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Donaldson by 29.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,180 shares of the industrial products company’s stock valued at $382,000 after buying an additional 1,170 shares during the period. PineStone Asset Management Inc. raised its position in shares of Donaldson by 9.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 197,061 shares of the industrial products company’s stock valued at $14,523,000 after buying an additional 17,000 shares during the period. Farther Finance Advisors LLC raised its position in shares of Donaldson by 511.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,780 shares of the industrial products company’s stock valued at $279,000 after buying an additional 3,162 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Donaldson by 17.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,664 shares of the industrial products company’s stock valued at $271,000 after buying an additional 553 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Up 1.5 %

Shares of NYSE DCI opened at $69.54 on Wednesday. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.82 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 52-week low of $66.01 and a 52-week high of $78.95. The business’s 50 day moving average is $69.26 and its two-hundred day moving average is $72.18.

Donaldson (NYSE:DCI) last announced 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 for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. Research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is 31.40%.

Wall Street Analyst Weigh In

DCI has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Robert W. Baird lifted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.00.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

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.