3,100 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,100 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also modified their holdings of DCI. Fortitude Family Office LLC bought a new position in Donaldson in the 4th quarter worth $27,000. Millburn Ridgefield Corp acquired a new stake in shares of Donaldson in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Donaldson in the third quarter worth about $27,000. Ronald Blue Trust Inc. lifted its position in shares of Donaldson by 792.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 404 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Donaldson during the 2nd quarter valued at approximately $39,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DCI. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Morgan Stanley assumed coverage on shares of Donaldson in a research note on Monday, January 8th. They set an “underweight” rating and a $59.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and a consensus target price of $67.50.

Donaldson Price Performance

Donaldson stock opened at $71.95 on Thursday. The business has a 50 day simple moving average of $71.51 and a 200 day simple moving average of $65.33. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.44. The company has a market capitalization of $8.66 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $876.70 million for the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.00 annualized dividend and a yield of 1.39%. Donaldson’s dividend payout ratio is 32.57%.

Insider Transactions at Donaldson

In related news, insider Sheila G. Kramer sold 45,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the sale, the insider now directly owns 23,171 shares in the company, valued at approximately $1,703,531.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, President Thomas R. Scalf sold 3,027 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the transaction, the president now directly owns 34,334 shares in the company, valued at $2,509,472.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheila G. Kramer sold 45,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the sale, the insider now directly owns 23,171 shares in the company, valued at $1,703,531.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,407 shares of company stock valued at $5,817,942. Corporate insiders own 2.58% 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.