PNC Financial Services Group Inc. increased its position in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 54.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,762 shares of the industrial products company’s stock after purchasing an additional 35,156 shares during the period. PNC Financial Services Group Inc. owned approximately 0.08% of Donaldson worth $5,950,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Donaldson during the third quarter worth approximately $27,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Donaldson by 34.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,581 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 1,444 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Donaldson during the 3rd quarter worth $596,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Donaldson by 8.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,314 shares of the industrial products company’s stock valued at $3,478,000 after buying an additional 4,704 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Donaldson by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 635,674 shares of the industrial products company’s stock valued at $37,919,000 after buying an additional 2,720 shares during the period. 80.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Donaldson from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, November 30th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Finally, Morgan Stanley assumed coverage on shares of Donaldson in a research report on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.75.
View Our Latest Stock Analysis on Donaldson
Donaldson Stock Down 0.9 %
Shares of NYSE:DCI opened at $66.27 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $68.11. The company’s 50-day moving average price is $64.97 and its two-hundred day moving average price is $62.19. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.96 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.97 and a beta of 1.09.
Donaldson (NYSE:DCI – Get Free Report) last released its quarterly earnings data on Wednesday, November 29th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Donaldson had a net margin of 10.60% and a return on equity of 29.08%. The business had revenue of $846.30 million for the quarter, compared to analyst estimates of $857.91 million. During the same quarter last year, the firm earned $0.75 EPS. Donaldson’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.2 EPS for the current fiscal year.
Donaldson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.51%. Donaldson’s dividend payout ratio (DPR) is presently 33.78%.
Insider Buying and Selling
In related news, President Guillermo Briseno sold 2,737 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $61.50, for a total transaction of $168,325.50. Following the transaction, the president now directly owns 16,170 shares in the company, valued at $994,455. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Willard D. Oberton sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.99, for a total transaction of $324,950.00. Following the completion of the sale, the director now owns 26,337 shares of the company’s stock, valued at $1,711,641.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Guillermo Briseno sold 2,737 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $61.50, for a total transaction of $168,325.50. Following the completion of the transaction, the president now directly owns 16,170 shares of the company’s stock, valued at approximately $994,455. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,137 shares of company stock worth $1,202,812. Insiders own 2.58% of the company’s stock.
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.
Further Reading
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