Sendero Wealth Management LLC Has $971,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Sendero Wealth Management LLC increased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 34.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,481 shares of the industrial products company's stock after purchasing an additional 3,735 shares during the period. Sendero Wealth Management LLC's holdings in Donaldson were worth $971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. Colonial Trust Co SC bought a new stake in shares of Donaldson in the 4th quarter worth about $25,000. Smartleaf Asset Management LLC grew its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares during the last quarter. Johnson Financial Group Inc. grew its stake in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Donaldson during the fourth quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Donaldson by 89.6% in the fourth 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 during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of Donaldson stock traded up $0.42 during midday trading on Friday, reaching $70.28. The company had a trading volume of 354,195 shares, compared to its average volume of 563,161. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $66.30 and a 200 day simple moving average of $68.90. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

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

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio (DPR) is 31.58%.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

About Donaldson

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.