Stifel Financial Corp Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Stifel Financial Corp increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,663 shares of the industrial products company’s stock after purchasing an additional 1,305 shares during the quarter. Stifel Financial Corp owned approximately 0.13% of Donaldson worth $11,251,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DCI. Los Angeles Capital Management LLC purchased a new stake in shares of Donaldson during the 2nd quarter worth approximately $14,288,000. Jupiter Asset Management Ltd. increased its holdings in Donaldson by 91.4% during the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock valued at $26,531,000 after buying an additional 177,078 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares during the last quarter. Algert Global LLC grew its holdings in Donaldson by 1,554.0% in the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after purchasing an additional 137,498 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after buying an additional 117,874 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 completion of the sale, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. This represents a 22.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is owned by corporate insiders.

Donaldson Price Performance

Donaldson stock opened at $72.66 on Thursday. Donaldson Company, Inc. has a one year low of $61.79 and a one year high of $78.95. The company has a market cap of $8.70 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The business has a fifty day moving average of $75.04 and a two-hundred day moving average of $73.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, 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 will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Analyst Ratings Changes

Several brokerages recently issued reports on DCI. Stifel Nicolaus reduced their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Donaldson has an average rating of “Hold” and a consensus target price of $74.00.

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.