Summit Trail Advisors LLC Has $380,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Summit Trail Advisors LLC lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 34.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,159 shares of the industrial products company’s stock after selling 2,684 shares during the period. Summit Trail Advisors LLC’s holdings in Donaldson were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Donaldson during the 1st quarter worth $660,000. New York State Teachers Retirement System raised its holdings in Donaldson by 2.6% during the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock valued at $10,575,000 after buying an additional 3,792 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Donaldson by 2.1% in the second quarter. Arizona State Retirement System now owns 33,697 shares of the industrial products company’s stock worth $2,411,000 after buying an additional 681 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Donaldson by 46.2% during the 2nd quarter. Savant Capital LLC now owns 13,674 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 4,320 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Donaldson by 1,554.0% during the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock valued at $10,473,000 after acquiring an additional 137,498 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

DCI has been the subject of several analyst reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.67.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $73.33, for a total transaction of $314,952.35. Following the sale, the president now directly owns 30,834 shares in the company, valued at approximately $2,261,057.22. The trade was a 12.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Amy C. Becker sold 14,500 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the transaction, the insider now owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The trade was a 25.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by company insiders.

Donaldson Price Performance

Shares of NYSE:DCI opened at $78.06 on Wednesday. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.03 and a beta of 1.04. The business has a 50 day moving average price of $74.57 and a 200 day moving average price of $73.33. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a twelve month low of $58.75 and a twelve month high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.38%. Donaldson’s dividend payout ratio is 31.95%.

About Donaldson

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.