SG Americas Securities LLC Sells 6,061 Shares of Donaldson Company, Inc. $DCI

SG Americas Securities LLC lowered its stake in Donaldson Company, Inc. (NYSE:DCI) by 44.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,533 shares of the industrial products company’s stock after selling 6,061 shares during the period. SG Americas Securities LLC’s holdings in Donaldson were worth $522,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in Donaldson during the second quarter worth about $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Donaldson by 75.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after acquiring an additional 1,430,120 shares during the period. Boston Trust Walden Corp boosted its position in shares of Donaldson by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock worth $195,977,000 after acquiring an additional 203,957 shares in the last quarter. Geode Capital Management LLC increased its stake in Donaldson by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock valued at $195,667,000 after acquiring an additional 21,334 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its position in Donaldson by 13.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after purchasing an additional 290,477 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of research analyst reports. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Robert W. Baird boosted their target price on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $72.00 to $84.00 in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.33.

Insider Buying and Selling at Donaldson

In related news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president owned 25,309 shares of the company’s stock, valued at $2,000,170.27. The trade was a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Donaldson Stock Performance

Shares of DCI stock opened at $90.23 on Thursday. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.98 and a beta of 1.01. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $83.85 and its 200-day moving average price is $76.52. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $90.94.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The company had revenue of $802.50 million during the quarter. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 5th. Donaldson’s payout ratio is 39.34%.

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.