Armstrong Henry H Associates Inc. Decreases Position in Donaldson Company, Inc. (NYSE:DCI)

Armstrong Henry H Associates Inc. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 11.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,800 shares of the industrial products company’s stock after selling 375 shares during the period. Armstrong Henry H Associates Inc.’s holdings in Donaldson were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp purchased a new stake in Donaldson during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. bought a new position in Donaldson during the 1st quarter valued at about $32,000. Mather Group LLC. lifted its stake in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 494 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Donaldson during the first quarter valued at approximately $46,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 0.4 %

DCI stock opened at $73.47 on Thursday. 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 Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. The stock has a market cap of $8.85 billion, a P/E ratio of 22.75, a PEG ratio of 1.91 and a beta of 1.05. The business’s 50-day moving average price is $72.45 and its 200-day moving average price is $72.94.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. On average, equities research analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a $0.27 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. Donaldson’s payout ratio is 33.44%.

Insider Transactions at Donaldson

In related news, insider Amy C. Becker sold 14,500 shares of the business’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 transaction, the insider now directly owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Donaldson news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction 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 sale, the insider now directly owns 41,368 shares in the company, valued at approximately $3,015,313.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. The disclosure for this sale can be found here. Insiders sold a total of 158,310 shares of company stock valued at $11,614,271 over the last 90 days. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DCI. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus lowered their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James initiated coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.