Private Advisor Group LLC Purchases 1,042 Shares of Donaldson Company, Inc. (NYSE:DCI)

Private Advisor Group LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,903 shares of the industrial products company’s stock after buying an additional 1,042 shares during the period. Private Advisor Group LLC’s holdings in Donaldson were worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Park Place Capital Corp bought a new position in Donaldson in the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Donaldson during the first quarter worth $32,000. Global Retirement Partners LLC lifted its position in Donaldson by 1,252.6% in the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 476 shares in the last quarter. Versant Capital Management Inc boosted its stake in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares during the period. Finally, Mather Group LLC. increased its holdings in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Raymond James began coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned 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 an average rating of “Hold” and an average target price of $69.67.

Donaldson Stock Up 0.9 %

DCI stock opened at $70.69 on Friday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. The business has a 50 day moving average price of $72.34 and a two-hundred day moving average price of $72.86. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. Donaldson’s dividend payout ratio is presently 33.44%.

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.