Ballentine Partners LLC grew its position in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the industrial products company’s stock after purchasing an additional 361 shares during the quarter. Ballentine Partners LLC’s holdings in Donaldson were worth $286,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC lifted its stake in shares of Donaldson by 4.3% in the first quarter. Inspire Investing LLC now owns 4,172 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 173 shares during the period. Captrust Financial Advisors lifted its stake in shares of Donaldson by 7.1% in the second quarter. Captrust Financial Advisors now owns 2,803 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 185 shares during the period. Pathstone Family Office LLC lifted its stake in shares of Donaldson by 1.9% in the third quarter. Pathstone Family Office LLC now owns 10,355 shares of the industrial products company’s stock worth $508,000 after acquiring an additional 192 shares during the period. Stonebridge Capital Advisors LLC lifted its stake in shares of Donaldson by 4.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 4,245 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 200 shares during the period. Finally, AMG National Trust Bank lifted its stake in shares of Donaldson by 1.1% in the fourth quarter. AMG National Trust Bank now owns 20,682 shares of the industrial products company’s stock worth $1,218,000 after acquiring an additional 224 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Scott J. Robinson sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $62.44, for a total transaction of $1,498,560.00. Following the completion of the sale, the chief financial officer now owns 27,670 shares in the company, valued at $1,727,714.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Donaldson Trading Down 1.0 %
NYSE DCI opened at $61.84 on Monday. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.96 and a beta of 1.20. Donaldson Company, Inc. has a 52 week low of $48.00 and a 52 week high of $66.96. The business has a 50 day moving average price of $62.06 and a 200-day moving average price of $62.55. The company has a quick ratio of 1.27, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.
Donaldson (NYSE:DCI – Get Free Report) last released its quarterly earnings data on Wednesday, May 31st. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $875.70 million during the quarter, compared to the consensus estimate of $871.53 million. Donaldson had a return on equity of 32.06% and a net margin of 10.69%. During the same quarter in the previous year, the company posted $0.67 earnings per share. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.04 earnings per share for the current fiscal year.
Donaldson Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Wednesday, June 7th were issued a dividend of $0.25 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.62%. Donaldson’s payout ratio is currently 33.67%.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.
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