Consolidated Planning Corp Grows Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Consolidated Planning Corp increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,275 shares of the industrial products company’s stock after acquiring an additional 2,516 shares during the period. Consolidated Planning Corp’s holdings in Donaldson were worth $490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. UMB Bank n.a. grew its holdings in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the period. Capital Performance Advisors LLP acquired a new position in Donaldson during the third quarter worth $41,000. V Square Quantitative Management LLC grew its holdings in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC grew its holdings in Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares during the period. Finally, Kentucky Trust Co acquired a new position in Donaldson during the fourth quarter worth $105,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley upped their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.00.

Donaldson Stock Down 1.2 %

Donaldson stock opened at $69.85 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a fifty-two week low of $65.60 and a fifty-two week high of $78.95. The stock’s fifty day moving average is $69.84 and its two-hundred day moving average is $72.42.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s 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.