Charles Schwab Investment Management Inc. Buys 1,674 Shares of Donaldson Company, Inc. (NYSE:DCI)

Charles Schwab Investment Management Inc. increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,817 shares of the industrial products company’s stock after buying an additional 1,674 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.64% of Donaldson worth $51,308,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DCI. Smartleaf Asset Management LLC grew its holdings in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC boosted its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the last quarter. Kentucky Trust Co purchased a new position in Donaldson in the fourth quarter worth $105,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Donaldson by 38.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE DCI opened at $66.96 on Friday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $69.48 and its two-hundred day simple moving average is $71.88. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business 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%. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of the 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 in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 29,500 shares of the 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 owns 28,334 shares in the company, valued at $1,951,929.26. This trade 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.

Analysts Set New Price Targets

DCI has been the topic of a number of recent research reports. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.00.

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.