B. Riley Wealth Advisors Inc. Acquires New Position in Donaldson Company, Inc. (NYSE:DCI)

B. Riley Wealth Advisors Inc. bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,821 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other hedge funds have also bought and sold shares of the stock. TD Asset Management Inc lifted its stake in shares of Donaldson by 23.7% during the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after buying an additional 367,705 shares during the period. Eagle Ridge Investment Management purchased a new stake in Donaldson in the first quarter valued at approximately $25,351,000. Confluence Investment Management LLC acquired a new stake in Donaldson during the 1st quarter valued at approximately $25,018,000. Heartland Advisors Inc. purchased a new stake in shares of Donaldson in the 1st quarter valued at $17,016,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Donaldson in the second quarter worth $14,288,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DCI shares. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Finally, Raymond James began coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.67.

Insiders Place Their Bets

In other news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,791,456.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Donaldson news, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $73.33, for a total value of $314,952.35. Following the transaction, the president now directly owns 30,834 shares in the company, valued at $2,261,057.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were 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 directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last ninety days. 2.58% of the stock is currently owned by corporate insiders.

Donaldson Stock Performance

NYSE DCI opened at $73.14 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $72.35 and its 200-day simple moving average is $72.91. The company has a market cap of $8.81 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03.

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

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a $0.27 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.48%. Donaldson’s payout ratio is 33.44%.

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.