SG Americas Securities LLC Purchases Shares of 13,594 Donaldson Company, Inc. (NYSE:DCI)

SG Americas Securities LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,594 shares of the industrial products company's stock, valued at approximately $912,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Colonial Trust Co SC purchased a new stake in shares of Donaldson during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after acquiring an additional 180 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after acquiring an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Donaldson during the 4th quarter worth about $42,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after acquiring an additional 369 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DCI shares. Robert W. Baird upped their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley restated an "underweight" rating and set a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Donaldson currently has a consensus rating of "Hold" and an average target price of $70.00.

Donaldson Stock Up 0.0%

DCI opened at $68.36 on Thursday. The company has a market cap of $7.97 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The company has a 50-day moving average price of $67.48 and a 200 day moving average price of $68.42.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. Donaldson's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Sell-side analysts expect 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. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. This is an increase from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. Donaldson's dividend payout ratio is presently 40.27%.

Insider Buying and Selling at Donaldson

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 shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

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.

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