SFE Investment Counsel Has $5.98 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel decreased its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 83,608 shares of the industrial products company’s stock after selling 248 shares during the period. Donaldson comprises 1.3% of SFE Investment Counsel’s holdings, making the stock its 25th largest position. SFE Investment Counsel’s holdings in Donaldson were worth $5,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC increased its position in shares of Donaldson by 2.8% in the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after buying an additional 140 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Donaldson by 31.6% during the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 184 shares during the period. Oak Family Advisors LLC lifted its holdings in shares of Donaldson by 4.3% during the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 197 shares in the last quarter. SkyOak Wealth LLC grew its position in shares of Donaldson by 5.3% in the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 228 shares during the period. Finally, Claro Advisors LLC increased its stake in Donaldson by 2.3% during the 1st quarter. Claro Advisors LLC now owns 10,461 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.6 %

Shares of DCI stock opened at $69.74 on Friday. The firm’s fifty day moving average price is $72.39 and its two-hundred day moving average price is $72.72. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The firm has a market capitalization of $8.40 billion, a P/E ratio of 21.59, a PEG ratio of 1.89 and a beta of 1.05.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Donaldson’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, equities 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 was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is presently 33.44%.

Insider Activity at Donaldson

In other news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating for the company. Stifel Nicolaus lowered their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Robert W. Baird decreased their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.67.

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.