259,400 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Swedbank AB

Swedbank AB purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 259,400 shares of the industrial products company’s stock, valued at approximately $17,471,000. Swedbank AB owned 0.22% of Donaldson at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in Donaldson by 17.3% in the 2nd quarter. Bank of Montreal Can now owns 35,602 shares of the industrial products company’s stock valued at $2,570,000 after buying an additional 5,251 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Donaldson by 14.9% in the second quarter. Mackenzie Financial Corp now owns 8,972 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 1,166 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Donaldson by 185.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 825 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Donaldson during the second quarter worth $202,000. Finally, Truist Financial Corp grew its position in Donaldson by 16.4% in the second quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 804 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on DCI shares. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

Donaldson Stock Down 0.6 %

Donaldson stock opened at $71.19 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company’s 50-day moving average is $70.88 and its 200-day moving average is $72.61. The firm has a market capitalization of $8.50 billion, a PE ratio of 20.69, a P/E/G ratio of 1.84 and a beta of 1.06. Donaldson Company, Inc. has a fifty-two week low of $64.35 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. Donaldson’s dividend payout ratio is currently 31.40%.

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.