Naples Global Advisors LLC Purchases 3,781 Shares of Donaldson Company, Inc. (NYSE:DCI)

Naples Global Advisors LLC grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 25.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,849 shares of the industrial products company's stock after acquiring an additional 3,781 shares during the quarter. Naples Global Advisors LLC's holdings in Donaldson were worth $1,264,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of Donaldson in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC lifted its stake in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 180 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in Donaldson in the 4th quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC lifted its stake in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 369 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DCI. Morgan Stanley restated an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday. Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Donaldson presently has an average rating of "Hold" and a consensus target price of $70.00.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Donaldson Stock Up 0.8%

DCI stock traded up $0.53 during mid-day trading on Friday, reaching $70.39. The company had a trading volume of 545,589 shares, compared to its average volume of 563,723. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $66.36 and a two-hundred day simple moving average of $68.86. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.82 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

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.