Callan Family Office LLC Grows Stock Holdings in Donaldson Company, Inc. $DCI

Key Points

• Callan Family Office LLC significantly increased its holdings in Donaldson Company, Inc. by 963.3%, owning 40,343 shares valued at approximately $2.8 million by the end of the second quarter.
• Wall Street analysts have varying ratings on Donaldson, with price targets ranging from $69 to $85 and a consensus rating of "Hold" with a target of $80.33.
• Insiders, including Amy C. Becker, have sold a total of 63,900 shares valued at over $5.1 million within the last three months.

Callan Family Office LLC grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 963.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,343 shares of the industrial products company's stock after acquiring an additional 36,549 shares during the period. Callan Family Office LLC's holdings in Donaldson were worth $2,798,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DCI. UMB Bank n.a. boosted its holdings in shares of Donaldson by 220.0% in the 1st quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 693 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Donaldson by 71.7% in the 1st quarter. Farther Finance Advisors LLC now owns 6,241 shares of the industrial products company's stock valued at $421,000 after acquiring an additional 2,606 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Donaldson by 162.5% in the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock valued at $163,000 after acquiring an additional 1,503 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Donaldson during the first quarter worth $912,000. Finally, CX Institutional purchased a new stake in Donaldson during the first quarter worth $53,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Performance

NYSE:DCI opened at $79.75 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The company has a fifty day moving average of $78.58 and a two-hundred day moving average of $71.73. The stock has a market capitalization of $9.24 billion, a PE ratio of 26.15, a P/E/G ratio of 1.89 and a beta of 0.99. 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 posted its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. The company had revenue of $802.50 million during the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's dividend payout ratio is 39.34%.

Insider Activity

In other news, insider Amy C. Becker sold 18,500 shares of the stock in a transaction dated Thursday, August 28th. The shares were 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 in the company, valued at $3,647,942.95. This represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the sale, the director owned 29,330 shares of the company's stock, valued at $2,345,226.80. This trade represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,900 shares of company stock worth $5,129,264 over the last three months. Insiders own 2.70% of the company's stock.

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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