Boston Trust Walden Corp Buys 203,957 Shares of Donaldson Company, Inc. $DCI

Key Points

• Boston Trust Walden Corp increased its stake in Donaldson Company, Inc. by 7.8%, acquiring an additional 203,957 shares, resulting in a total of approximately 2.83 million shares owned.
• Institutional investors together own 82.81% of Donaldson's stock, indicating strong confidence in the company from large investors.
• Analysts have a consensus rating of "Hold" with a target price of $80.33, with upgrades from firms like Stifel Nicolaus and Morgan Stanley recently adjusting their price targets for the stock.

Boston Trust Walden Corp lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,825,916 shares of the industrial products company's stock after purchasing an additional 203,957 shares during the quarter. Donaldson comprises 1.4% of Boston Trust Walden Corp's portfolio, making the stock its 5th largest position. Boston Trust Walden Corp owned approximately 2.43% of Donaldson worth $195,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ICW Investment Advisors LLC raised its position in shares of Donaldson by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 24,094 shares of the industrial products company's stock worth $1,616,000 after purchasing an additional 150 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Donaldson by 2.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company's stock worth $506,000 after purchasing an additional 160 shares during the period. Verdence Capital Advisors LLC increased its position in Donaldson by 2.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,371 shares of the industrial products company's stock valued at $581,000 after acquiring an additional 185 shares during the period. Cresset Asset Management LLC increased its position in Donaldson by 1.7% in the 1st quarter. Cresset Asset Management LLC now owns 11,462 shares of the industrial products company's stock valued at $769,000 after acquiring an additional 191 shares during the period. Finally, State of Michigan Retirement System increased its position in Donaldson by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after acquiring an additional 200 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCI has been the topic of several analyst reports. Morgan Stanley raised their target price on Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research report on Tuesday, September 2nd. Stifel Nicolaus raised their target price on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research report on Thursday, August 28th. Weiss Ratings restated a "buy (b-)" rating on shares of Donaldson in a research report on Saturday, September 27th. Wall Street Zen upgraded Donaldson from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Finally, Robert W. Baird raised their target price on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Donaldson currently has a consensus rating of "Hold" and a consensus price target of $80.33.

Insider Transactions at Donaldson

In other news, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president directly owned 25,309 shares of the company's stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amy C. Becker sold 18,500 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the sale, the insider directly owned 44,645 shares of the company's stock, valued at approximately $3,647,942.95. This trade represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,900 shares of company stock valued at $5,129,264 over the last ninety days. Corporate insiders own 2.20% of the company's stock.

Donaldson Stock Performance

DCI opened at $81.08 on Tuesday. The firm has a market cap of $9.39 billion, a PE ratio of 26.58, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $78.76 and a 200-day simple moving average of $71.85. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $83.43.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. The business had revenue of $802.50 million during the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is 39.34%.

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.

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