SFE Investment Counsel Has $5.98 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,608 shares of the industrial products company’s stock after selling 248 shares during the quarter. Donaldson makes up approximately 1.3% of SFE Investment Counsel’s portfolio, making the stock its 25th largest holding. SFE Investment Counsel owned 0.07% of Donaldson worth $5,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Donaldson by 53.0% during the 4th quarter. Victory Capital Management Inc. now owns 30,561 shares of the industrial products company’s stock valued at $1,997,000 after purchasing an additional 10,585 shares during the period. Apollon Wealth Management LLC increased its position in Donaldson by 19.7% during the fourth quarter. Apollon Wealth Management LLC now owns 15,167 shares of the industrial products company’s stock worth $991,000 after acquiring an additional 2,499 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Donaldson by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 754,647 shares of the industrial products company’s stock worth $49,316,000 after purchasing an additional 15,682 shares during the period. Principal Securities Inc. bought a new stake in shares of Donaldson during the fourth quarter valued at approximately $120,000. Finally, Versor Investments LP raised its stake in shares of Donaldson by 140.7% in the fourth quarter. Versor Investments LP now owns 10,934 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 6,391 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Raymond James initiated coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.67.

Donaldson Stock Performance

NYSE DCI opened at $69.74 on Friday. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.89 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a 50 day moving average of $72.39 and a 200-day moving average of $72.72.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 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.