Benjamin F. Edwards & Company Inc. Sells 1,767 Shares of Donaldson Company, Inc. (NYSE:DCI)

Benjamin F. Edwards & Company Inc. lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 105,370 shares of the industrial products company’s stock after selling 1,767 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Donaldson were worth $7,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DCI. BNP Paribas Financial Markets raised its position in shares of Donaldson by 32.1% during the fourth quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock valued at $860,000 after buying an additional 3,201 shares during the last quarter. Norges Bank purchased a new stake in Donaldson in the 4th quarter worth $57,923,000. UBS Group AG boosted its holdings in shares of Donaldson by 83.5% during the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after purchasing an additional 174,193 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Donaldson during the fourth quarter valued at about $253,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Donaldson by 138.1% in the fourth quarter. Corient Private Wealth LLC now owns 85,139 shares of the industrial products company’s stock worth $5,564,000 after purchasing an additional 49,383 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of Donaldson stock opened at $72.36 on Friday. The stock has a 50 day moving average price of $72.46 and a 200-day moving average price of $72.90. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s dividend payout ratio is presently 33.44%.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DCI shares. Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They set a “market perform” rating for the company. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reduced their price target 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. Finally, Robert W. Baird lowered their price objective 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.67.

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.