Advisory Services Network LLC Grows Stake in Donaldson Company, Inc. (NYSE:DCI)

Advisory Services Network LLC boosted its stake in Donaldson Company, Inc. (NYSE:DCI) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,690 shares of the industrial products company’s stock after buying an additional 392 shares during the quarter. Advisory Services Network LLC’s holdings in Donaldson were worth $1,932,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Donaldson by 24.7% in the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after acquiring an additional 299,302 shares in the last quarter. Cerity Partners LLC raised its stake in Donaldson by 63.0% in the 4th quarter. Cerity Partners LLC now owns 17,302 shares of the industrial products company’s stock valued at $1,188,000 after purchasing an additional 6,687 shares during the last quarter. FMR LLC lifted its holdings in Donaldson by 6.2% in the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company’s stock valued at $269,014,000 after purchasing an additional 231,424 shares in the last quarter. Aristides Capital LLC lifted its holdings in Donaldson by 43.1% in the 4th quarter. Aristides Capital LLC now owns 4,298 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Donaldson during the fourth quarter worth $271,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is currently owned by company insiders.

Donaldson Stock Performance

NYSE DCI opened at $63.38 on Friday. 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 stock’s fifty day moving average is $67.58 and its two-hundred day moving average is $70.87. The firm has a market capitalization of $7.57 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. Donaldson’s dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Donaldson Company 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.