Legal & General Group Plc Increases Holdings in Donaldson Company, Inc. $DCI

Legal & General Group Plc grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,095 shares of the industrial products company’s stock after acquiring an additional 964 shares during the quarter. Legal & General Group Plc owned 0.20% of Donaldson worth $16,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DCI. Kingstone Capital Partners Texas LLC bought a new position in Donaldson in the 2nd quarter worth about $679,475,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 75.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after buying an additional 1,430,120 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of Donaldson by 7.8% in the second quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after buying an additional 203,957 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Donaldson by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock valued at $195,667,000 after buying an additional 21,334 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in shares of Donaldson by 13.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after buying an additional 290,477 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on DCI shares. Stifel Nicolaus boosted their price objective on shares of Donaldson from $84.00 to $90.00 and gave the stock a “hold” rating in a report on Monday. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird upped their price target on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.33.

Donaldson Stock Down 0.3%

Donaldson stock opened at $89.90 on Friday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $90.94. The stock has a fifty day moving average of $84.19 and a 200 day moving average of $76.75. 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 stock has a market cap of $10.41 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.

Donaldson (NYSE:DCI) last announced 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 predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

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

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.