Studio Investment Management LLC Has $544,000 Stake in Donaldson Company, Inc. $DCI

Key Points

• Studio Investment Management LLC raised its holdings in Donaldson Company, Inc. by 144.6% in Q2, owning 7,838 shares worth $544,000 as of its latest filing.
• Donaldson recently announced a quarterly dividend of $0.30, resulting in an annualized dividend yield of 1.4% with a payout ratio of 39.34%.
• Wall Street analysts currently rate Donaldson, with two giving a "Buy" rating, one a "Hold," and one a "Sell," highlighting variable sentiment around its stock performance.

Studio Investment Management LLC raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 144.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,838 shares of the industrial products company's stock after acquiring an additional 4,633 shares during the period. Studio Investment Management LLC's holdings in Donaldson were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DCI. Cullen Frost Bankers Inc. acquired a new position in Donaldson in the first quarter valued at about $29,000. Brooklyn Investment Group grew its stake in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 320 shares during the period. Steph & Co. acquired a new position in Donaldson in the second quarter valued at about $46,000. Hoese & Co LLP grew its stake in Donaldson by 266.7% in the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 480 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Donaldson by 34.3% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 205 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Performance

DCI opened at $83.74 on Wednesday. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $84.42. The firm has a market capitalization of $9.70 billion, a PE ratio of 27.45, a PEG ratio of 1.97 and a beta of 0.99. 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 business's 50-day simple moving average is $79.99 and its 200 day simple moving average is $72.53.

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

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.4%. Donaldson's dividend payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen raised Donaldson from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Donaldson in a report on Tuesday, October 14th. Morgan Stanley boosted their price target on Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus boosted their price target on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $80.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 31,900 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director owned 29,330 shares in the company, valued at $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Amy C. Becker sold 18,500 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the sale, the insider owned 44,645 shares in the company, valued at $3,647,942.95. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock worth $5,129,264 over the last 90 days. Company insiders own 2.20% of the company's stock.

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.

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