Sendero Wealth Management LLC Buys 1,860 Shares of Donaldson Company, Inc. (NYSE:DCI)

Sendero Wealth Management LLC lifted its stake in Donaldson Company, Inc. (NYSE:DCI) by 20.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,746 shares of the industrial products company’s stock after purchasing an additional 1,860 shares during the quarter. Sendero Wealth Management LLC’s holdings in Donaldson were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Algert Global LLC raised its position 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 purchasing an additional 137,498 shares during the period. Jensen Investment Management Inc. raised its holdings in Donaldson by 18.1% during the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock valued at $4,941,000 after acquiring an additional 10,280 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after acquiring an additional 23,758 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Donaldson by 7.3% in the third quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock valued at $2,128,000 after acquiring an additional 1,974 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Donaldson by 11.4% in the second quarter. Millennium Management LLC now owns 455,472 shares of the industrial products company’s stock worth $32,594,000 after acquiring an additional 46,469 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’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 directly owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Donaldson Trading Up 1.3 %

DCI stock opened at $69.13 on Thursday. The firm has a fifty day moving average price of $72.35 and a 200 day moving average price of $72.62. Donaldson Company, Inc. has a fifty-two week low of $62.77 and a fifty-two week high of $78.95. The firm has a market cap of $8.26 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI) last announced its quarterly earnings results 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 firm had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. Donaldson’s dividend payout ratio is presently 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.