Truist Financial Corp Increases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Truist Financial Corp lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,199 shares of the industrial products company’s stock after purchasing an additional 290 shares during the quarter. Truist Financial Corp’s holdings in Donaldson were worth $417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Donaldson in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC boosted its holdings in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 206 shares during the period. Kentucky Trust Co purchased a new position in Donaldson during the 4th quarter valued at $105,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Donaldson by 38.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 571 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Donaldson by 197.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

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

Donaldson Price Performance

Shares of DCI stock opened at $67.48 on Wednesday. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.82 and a beta of 1.04. The stock has a fifty day simple moving average of $69.30 and a two-hundred day simple moving average of $72.05. 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 (NYSE:DCI) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. On average, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

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.