Donaldson Company, Inc. $DCI Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Donaldson Company by 9.4%, now holding 241,540 shares valued at approximately $16.75 million.
• Insider trading showed President Guillermo Briseno sold 13,500 shares at an average price of $79.03, while Director Trudy A. Rautio sold 31,900 shares at $79.96, resulting in significant decreases in their ownership.
• Donaldson announced a quarterly dividend of $0.30 per share, which reflects an annualized yield of 1.5%.

US Bancorp DE trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,540 shares of the industrial products company's stock after selling 25,034 shares during the quarter. US Bancorp DE owned 0.21% of Donaldson worth $16,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Donaldson by 220.0% during the first quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock worth $68,000 after buying an additional 693 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Donaldson by 71.7% during the first quarter. Farther Finance Advisors LLC now owns 6,241 shares of the industrial products company's stock worth $421,000 after buying an additional 2,606 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in Donaldson during the first quarter worth about $438,000. GAMMA Investing LLC boosted its holdings in Donaldson by 162.5% during the first quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock worth $163,000 after buying an additional 1,503 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Donaldson during the first quarter worth about $912,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the firm's stock in a transaction 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 approximately $2,000,170.27. This trade represents a 34.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 31,900 shares of the firm's stock in a transaction 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. The trade was a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,900 shares of company stock valued at $5,129,264. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Shares of DCI stock opened at $79.75 on Friday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.43. 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 50 day moving average price of $78.58 and a 200 day moving average price of $71.71. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly 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 firm had revenue of $802.50 million during the quarter. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

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

Analysts Set New Price Targets

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