Amalgamated Bank Buys 1,160 Shares of Donaldson Company, Inc. (NYSE:DCI)

Amalgamated Bank boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,419 shares of the industrial products company’s stock after acquiring an additional 1,160 shares during the quarter. Amalgamated Bank owned 0.06% of Donaldson worth $4,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Donaldson by 2.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 71,969 shares of the industrial products company’s stock worth $5,150,000 after purchasing an additional 1,945 shares in the last quarter. Argent Trust Co acquired a new stake in shares of Donaldson during the second quarter worth approximately $314,000. Renaissance Technologies LLC raised its stake in shares of Donaldson by 13.4% in the second quarter. Renaissance Technologies LLC now owns 117,100 shares of the industrial products company’s stock valued at $8,380,000 after acquiring an additional 13,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after acquiring an additional 153,342 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Donaldson by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,025 shares of the industrial products company’s stock worth $8,804,000 after acquiring an additional 5,129 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In related news, Director James Owens sold 5,210 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The stock was 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 owns 37,702 shares in the company, valued at $2,675,710.94. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

Donaldson Price Performance

Donaldson stock opened at $72.30 on Friday. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $72.46 and its 200 day simple moving average is $72.90.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

Several equities analysts have issued reports on DCI shares. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. Robert W. Baird reduced their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Stifel Nicolaus lowered their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Finally, Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. One investment 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’s stock. According to data from MarketBeat, Donaldson currently has an average rating of “Hold” and an average price target of $69.67.

Donaldson 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.