SkyOak Wealth LLC Has $291,000 Position in Donaldson Company, Inc. (NYSE:DCI)

SkyOak Wealth LLC reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,068 shares of the industrial products company’s stock after selling 493 shares during the period. SkyOak Wealth LLC’s holdings in Donaldson were worth $291,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Public Employees Retirement Association of Colorado acquired a new stake in shares of Donaldson during the 1st quarter valued at about $660,000. UBS Group AG boosted its position in shares of Donaldson by 83.5% during the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after acquiring an additional 174,193 shares in the last quarter. New York State Teachers Retirement System boosted its position in Donaldson by 2.6% in the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after buying an additional 3,792 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after buying an additional 19,670 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Donaldson by 254.5% in the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after buying an additional 16,071 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.58% of the stock is currently owned by insiders.

Donaldson Trading Up 0.1 %

Shares of NYSE DCI opened at $71.71 on Thursday. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a market cap of $8.63 billion, a PE ratio of 22.20, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $72.41 and a two-hundred day moving average of $72.91.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DCI shares. Stifel Nicolaus reduced their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird dropped their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Donaldson presently has a consensus rating of “Hold” and an average target price of $69.67.

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.