Proficio Capital Partners LLC Purchases Shares of 19,464 Donaldson Company, Inc. (NYSE:DCI)

Proficio Capital Partners LLC purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,464 shares of the industrial products company’s stock, valued at approximately $1,311,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Pathstone Holdings LLC grew its holdings in Donaldson by 8.5% during the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 1,534 shares during the last quarter. Commerce Bank grew its holdings in Donaldson by 0.9% during the third quarter. Commerce Bank now owns 44,933 shares of the industrial products company’s stock valued at $3,312,000 after purchasing an additional 399 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Donaldson by 305.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,552 shares of the industrial products company’s stock worth $1,588,000 after acquiring an additional 16,237 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Donaldson by 197.4% in the third quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 1,376 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Donaldson by 35.0% in the third quarter. Raymond James Trust N.A. now owns 7,663 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 1,986 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 1.6 %

Shares of DCI stock opened at $67.87 on Friday. The stock has a market cap of $8.11 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a one year low of $65.10 and a one year high of $78.95. The stock has a fifty day moving average price of $69.55 and a 200 day moving average price of $71.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. Donaldson’s payout ratio is presently 31.58%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.