Wealth Enhancement Advisory Services LLC Buys 7,663 Shares of Donaldson Company, Inc. (NYSE:DCI)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,925 shares of the industrial products company's stock after buying an additional 7,663 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.32% of Donaldson worth $25,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DCI. Colonial Trust Co SC purchased a new position in Donaldson during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC grew its position in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in Donaldson in the 4th quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC lifted its position in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DCI shares. Morgan Stanley reissued an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus lowered 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. Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. 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 data from MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and a consensus target price of $70.00.

Donaldson Stock Down 0.4%

Shares of Donaldson stock traded down $0.29 during midday trading on Wednesday, reaching $69.07. 474,179 shares of the company's stock traded hands, compared to its average volume of 563,539. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company's 50 day simple moving average is $67.93 and its 200 day simple moving average is $68.24. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same period in the prior year, the business posted $0.92 earnings per share. The business's quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio (DPR) is 40.27%.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction dated 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 transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

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.