Skandinaviska Enskilda Banken AB publ Has $740,000 Position in Donaldson Company, Inc. (NYSE:DCI)

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,100 shares of the industrial products company’s stock after selling 300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Donaldson were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Donaldson by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 12,310,872 shares of the industrial products company’s stock valued at $639,304,000 after buying an additional 83,620 shares during the period. BlackRock Inc. boosted its stake in shares of Donaldson by 3.9% during the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after buying an additional 413,360 shares during the period. State Street Corp boosted its stake in shares of Donaldson by 13.9% during the 2nd quarter. State Street Corp now owns 6,767,711 shares of the industrial products company’s stock valued at $325,798,000 after buying an additional 824,842 shares during the period. FMR LLC boosted its stake in shares of Donaldson by 4.3% during the 2nd quarter. FMR LLC now owns 3,959,171 shares of the industrial products company’s stock valued at $190,594,000 after buying an additional 162,599 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in shares of Donaldson by 0.7% during the 3rd quarter. Boston Trust Walden Corp now owns 2,596,514 shares of the industrial products company’s stock valued at $127,255,000 after buying an additional 16,867 shares during the period. Institutional investors and hedge funds own 80.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 1,206 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $61.00, for a total transaction of $73,566.00. Following the transaction, the director now owns 38,806 shares in the company, valued at approximately $2,367,166. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Thomas R. Scalf sold 10,500 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $60.95, for a total transaction of $639,975.00. Following the transaction, the president now owns 26,166 shares in the company, valued at approximately $1,594,817.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 1,206 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $61.00, for a total transaction of $73,566.00. Following the transaction, the director now owns 38,806 shares in the company, valued at approximately $2,367,166. The disclosure for this sale can be found here. Insiders sold a total of 26,618 shares of company stock valued at $1,617,977 in the last quarter. Insiders own 2.77% of the company’s stock.

Donaldson Stock Up 0.1 %

Donaldson stock opened at $62.97 on Friday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.35 and a quick ratio of 1.48. Donaldson Company, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $64.36. The firm has a fifty day moving average price of $61.23 and a two-hundred day moving average price of $57.32.

Donaldson (NYSE:DCI – Get Rating) last released its earnings results on Wednesday, November 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $847.30 million during the quarter, compared to analyst estimates of $824.42 million. Donaldson had a net margin of 10.11% and a return on equity of 31.03%. As a group, analysts forecast that Donaldson Company, Inc. will post 3 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 27th. Shareholders of record on Friday, February 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, February 9th. Donaldson’s dividend payout ratio is 33.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Donaldson from $59.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th. Finally, Morgan Stanley lifted their price objective on shares of Donaldson from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, December 1st.

Donaldson Company Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.