Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,025 shares of the industrial products company’s stock after acquiring an additional 5,129 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Donaldson worth $8,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. Park Place Capital Corp bought a new stake in shares of Donaldson in the 1st quarter worth $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Donaldson during the 1st quarter valued at $32,000. Versant Capital Management Inc raised its holdings in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the period. Mather Group LLC. boosted its stake in Donaldson by 408.1% in 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 during the period. Finally, Riverview Trust Co purchased a new stake in shares of Donaldson in the first quarter valued at $46,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.1 %

Shares of NYSE DCI opened at $73.84 on Friday. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The firm’s 50-day simple moving average is $72.44 and its 200 day simple moving average is $72.92. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. 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 (NYSE:DCI) last released its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, research analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. Donaldson’s payout ratio is 33.44%.

Insider Buying and Selling

In other Donaldson news, insider Amy C. Becker sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the transaction, the insider now directly owns 41,368 shares in the company, valued at $3,015,313.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the sale, the chief executive officer now owns 256,742 shares in the company, valued at approximately $18,662,575.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,310 shares of company stock worth $8,092,999. 2.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stifel Nicolaus decreased 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. Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Donaldson currently 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.