Donaldson Company, Inc. $DCI Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 52.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,533 shares of the industrial products company’s stock after acquiring an additional 6,680 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Donaldson were worth $1,355,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in Donaldson by 5,112.5% in the second quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 409 shares during the period. NewSquare Capital LLC acquired a new stake in shares of Donaldson in the second quarter valued at $34,000. Brooklyn Investment Group raised its holdings in shares of Donaldson by 113.9% in the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after buying an additional 320 shares during the period. Steph & Co. acquired a new position in Donaldson during the 2nd quarter worth about $46,000. Finally, Hoese & Co LLP boosted its holdings in Donaldson by 266.7% during the 2nd 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. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares in the company, valued at $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Donaldson Price Performance

Shares of NYSE DCI opened at $90.23 on Friday. The stock’s 50-day simple moving average is $84.02 and its 200-day simple moving average is $76.61. The firm has a market capitalization of $10.45 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $90.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. The company had revenue of $802.50 million for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Donaldson’s payout ratio is 39.34%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $72.00 to $84.00 in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus upped their price objective on Donaldson from $84.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Robert W. Baird increased their price objective on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.33.

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.