Donaldson Company, Inc. $DCI Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC increased its holdings in Donaldson Company, Inc. by 31.4% during the second quarter, owning a total of 59,044 shares valued at approximately $4.1 million.
• Company insiders, including President Guillermo Briseno and Director Trudy A. Rautio, sold a combined 63,900 shares recently, with significant decreases in their ownership percentages.
• Donaldson Company, Inc. recently announced a quarterly dividend of $0.30 per share, resulting in a 1.5% yield and reflecting a payout ratio of 39.34%.

Vest Financial LLC raised its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 31.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,044 shares of the industrial products company's stock after purchasing an additional 14,120 shares during the period. Vest Financial LLC owned 0.05% of Donaldson worth $4,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Donaldson during the 1st quarter valued at about $29,000. Brooklyn Investment Group boosted its stake in Donaldson by 113.9% during the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 320 shares during the period. Steph & Co. acquired a new position in Donaldson during the 2nd quarter valued at about $46,000. CX Institutional acquired a new position in Donaldson during the 1st quarter valued at about $53,000. Finally, Smartleaf Asset Management LLC boosted its stake in Donaldson by 34.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 205 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares of the company's stock, valued at $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 29,330 shares of the company's stock, valued at approximately $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $5,129,264 over the last ninety days. Insiders own 2.20% of the company's stock.

Donaldson Stock Up 1.5%

DCI stock opened at $81.08 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $83.43. 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 firm has a 50 day simple moving average of $78.76 and a 200 day simple moving average of $71.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25.

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

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.5%. Donaldson's dividend payout ratio is currently 39.34%.

Analysts Set New Price Targets

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

Donaldson 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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