Gabelli Funds LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 701,800 shares of the industrial products company’s stock after selling 7,450 shares during the quarter. Gabelli Funds LLC owned about 0.58% of Donaldson worth $50,221,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its position in Donaldson by 2.8% during the first quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 140 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Donaldson by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after acquiring an additional 146 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after buying an additional 184 shares during the period. Oak Family Advisors LLC lifted its holdings in Donaldson by 4.3% in the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after buying an additional 197 shares in the last quarter. Finally, SkyOak Wealth LLC grew its stake in Donaldson by 5.3% during the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.
Analysts Set New Price Targets
DCI has been the topic of a number of research reports. Raymond James assumed coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird decreased their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Stifel Nicolaus decreased their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.67.
Insider Activity
In related news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction on Wednesday, September 18th. The shares were 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 of the company’s stock, valued at approximately $1,276,111.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.
Donaldson Price Performance
Shares of NYSE DCI traded down $0.87 during trading on Friday, hitting $72.30. The company had a trading volume of 1,025,714 shares, compared to its average volume of 484,246. The company has a market cap of $8.71 billion, a P/E ratio of 22.38, a PEG ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The business’s 50-day moving average is $72.46 and its 200 day moving average is $72.90. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03.
Donaldson (NYSE:DCI – Get Free Report) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Equities research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.
Donaldson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.
Donaldson Company 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.