Bank of Montreal Can Purchases 38,626 Shares of Donaldson Company, Inc. (NYSE:DCI)

Bank of Montreal Can boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 108.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,228 shares of the industrial products company’s stock after purchasing an additional 38,626 shares during the period. Bank of Montreal Can’s holdings in Donaldson were worth $5,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Donaldson by 1.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after purchasing an additional 32,964 shares in the last quarter. American Century Companies Inc. increased its holdings in Donaldson by 4.7% during 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Donaldson by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after purchasing an additional 9,143 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after purchasing an additional 117,874 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DCI. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One investment 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.67.

Insider Activity

In related news, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.70% of the company’s stock.

Donaldson Trading Down 7.0 %

Donaldson stock opened at $72.61 on Wednesday. Donaldson Company, Inc. has a 52 week low of $60.78 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock has a market capitalization of $8.70 billion, a P/E ratio of 21.50, a PEG ratio of 2.05 and a beta of 1.04. The stock has a 50-day simple moving average of $75.13 and a 200 day simple moving average of $73.44.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is presently 31.95%.

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.