Blair William & Co. IL Purchases 88,623 Shares of Donaldson Company, Inc. (NYSE:DCI)

Blair William & Co. IL raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 985.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,619 shares of the industrial products company’s stock after acquiring an additional 88,623 shares during the period. Blair William & Co. IL’s holdings in Donaldson were worth $6,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc boosted its position in shares of Donaldson by 23.7% in the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock valued at $143,434,000 after acquiring an additional 367,705 shares during the period. Fiduciary Management Inc. WI boosted its holdings in Donaldson by 3.5% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after purchasing an additional 61,584 shares during the period. American Century Companies Inc. grew its position in Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock worth $121,073,000 after purchasing an additional 75,733 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Donaldson by 19.4% during the 4th quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in shares of Donaldson by 16.6% during the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after buying an additional 190,024 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Owens sold 5,210 shares of the 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 sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Donaldson Trading Down 1.1 %

Shares of DCI opened at $72.36 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.71 billion, a PE ratio of 22.40, a PEG ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The stock has a 50 day simple moving average of $72.46 and a 200-day simple moving average of $72.90.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued 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 payout ratio is presently 33.44%.

Analyst Ratings Changes

A number of research firms recently weighed in on DCI. Raymond James initiated coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Robert W. Baird lowered their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. 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 issued a buy rating to the company. According to MarketBeat.com, Donaldson presently has an average rating of “Hold” and a consensus price target of $69.67.

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.