Signaturefd LLC raised its position in Donaldson Company, Inc. (NYSE:DCI – Free Report) by 55.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 841 shares of the industrial products company’s stock after acquiring an additional 300 shares during the period. Signaturefd LLC’s holdings in Donaldson were worth $55,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in Donaldson during the fourth quarter worth $32,000. Fred Alger Management LLC acquired a new position in shares of Donaldson during the 3rd quarter worth about $35,000. Ronald Blue Trust Inc. increased its position in shares of Donaldson by 217.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 797 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 546 shares during the last quarter. Affiance Financial LLC bought a new stake in Donaldson during the fourth quarter worth about $41,000. Finally, Trust Co. of Vermont acquired a new position in Donaldson during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.09% of the company’s stock.
Insider Buying and Selling at Donaldson
In other news, CFO Scott J. Robinson sold 24,000 shares of Donaldson stock in a transaction 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 of the company’s stock, valued at $1,727,714.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.77% of the company’s stock.
Donaldson Stock Up 0.7 %
Donaldson (NYSE:DCI – Get Free Report) last announced its earnings results on Wednesday, May 31st. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $875.70 million during the quarter, compared to the consensus estimate of $871.53 million. Donaldson had a net margin of 10.69% and a return on equity of 32.06%. During the same quarter in the previous year, the firm posted $0.67 EPS. As a group, research analysts expect that Donaldson Company, Inc. will post 3.04 earnings per share for the current year.
Donaldson Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Wednesday, June 7th were paid a $0.25 dividend. The ex-dividend date was Tuesday, June 6th. This is an increase from Donaldson’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.59%. Donaldson’s payout ratio is 33.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Citigroup began coverage on Donaldson in a research note on Tuesday, June 27th. They set a “neutral” rating and a $66.00 price objective on the stock. They noted that the move was a valuation call. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of Donaldson from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th.
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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