Private Advisor Group LLC Acquires 12,644 Shares of Donaldson Company, Inc. (NYSE:DCI)

Private Advisor Group LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 43.8% during the 4th quarter, HoldingsChannel reports. The fund owned 41,521 shares of the industrial products company’s stock after purchasing an additional 12,644 shares during the period. Private Advisor Group LLC’s holdings in Donaldson were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of Donaldson during the 4th quarter valued at approximately $415,000. Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after buying an additional 369 shares during the period. Truist Financial Corp boosted its stake in Donaldson by 4.9% during the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company’s stock worth $417,000 after buying an additional 290 shares during the period. CIBC Asset Management Inc increased its position in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 187 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Donaldson by 10.6% in the 4th quarter. Sanctuary Advisors LLC now owns 21,882 shares of the industrial products company’s stock worth $1,568,000 after acquiring an additional 2,095 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.3 %

Shares of DCI opened at $68.55 on Tuesday. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1-year low of $66.01 and a 1-year high of $78.95. The company has a 50-day moving average of $69.29 and a 200 day moving average of $72.21.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million during 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%. Donaldson’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Activity at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction 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 trade represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.