Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,409 shares of the industrial products company’s stock after acquiring an additional 323 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Donaldson were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of Donaldson during the fourth quarter worth $27,000. Millburn Ridgefield Corp purchased a new position in shares of Donaldson during the third quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Donaldson during the third quarter worth $27,000. Ronald Blue Trust Inc. boosted its position in shares of Donaldson by 792.2% during the third quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after buying an additional 404 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Donaldson during the second quarter worth $39,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Down 0.7 %

NYSE:DCI opened at $71.95 on Thursday. The firm has a market cap 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 stock has a fifty day moving average price of $71.51 and a 200 day moving average price of $65.33. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $75.44. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $876.70 million during the quarter, compared to analyst estimates of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. Donaldson’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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

Insiders Place Their Bets

In other Donaldson news, Director Ajita G. Rajendra sold 18,700 shares of Donaldson stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the completion of the sale, the director now directly owns 41,961 shares of the company’s stock, valued at approximately $3,084,553.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Donaldson news, Director Ajita G. Rajendra sold 18,700 shares of Donaldson stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the completion of the sale, the director now directly owns 41,961 shares of the company’s stock, valued at approximately $3,084,553.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total value of $330,930.00. Following the sale, the director now directly owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock valued at $5,817,942 in the last ninety days. Insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.