Sprucegrove Investment Management Ltd. Buys 4,000 Shares of Donaldson Company, Inc. (NYSE:DCI)

Sprucegrove Investment Management Ltd. increased its position in Donaldson Company, Inc. (NYSE:DCI) by 1.3% during the 2nd quarter, Holdings Channel reports. The firm owned 307,731 shares of the industrial products company’s stock after acquiring an additional 4,000 shares during the quarter. Donaldson comprises approximately 1.1% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 16th largest holding. Sprucegrove Investment Management Ltd.’s holdings in Donaldson were worth $22,021,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc increased its position in Donaldson by 23.7% during the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock valued at $143,434,000 after purchasing an additional 367,705 shares during the period. Fiduciary Management Inc. WI lifted its holdings in Donaldson by 3.5% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after buying an additional 61,584 shares during the period. American Century Companies Inc. lifted its holdings in Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock worth $121,073,000 after buying an additional 75,733 shares during the period. First Trust Advisors LP lifted its holdings in Donaldson by 19.4% during the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after buying an additional 256,994 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Donaldson by 16.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after acquiring an additional 190,024 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DCI. Stifel Nicolaus dropped their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Raymond James assumed coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird decreased their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction on 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 $2,675,710.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction on 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 $2,675,710.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Donaldson Price Performance

Shares of DCI opened at $73.15 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth 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 company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $72.43 and a two-hundred day moving average of $72.90.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders 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 yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is 33.44%.

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.