4,392 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Argent Trust Co

Argent Trust Co purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,392 shares of the industrial products company’s stock, valued at approximately $314,000.

A number of other hedge funds have also bought and sold shares of the stock. Park Place Capital Corp acquired a new position in shares of Donaldson in the 1st quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Donaldson in the first quarter valued at about $32,000. Versant Capital Management Inc raised its stake in shares of Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Donaldson by 408.1% during the second 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 Donaldson in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird reduced their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Raymond James initiated coverage on shares of Donaldson in a report on Friday, June 28th. They set a “market perform” rating for the company. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Finally, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.67.

Insider Activity

In other news, Director James Owens sold 5,210 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction that occurred on Tuesday, July 2nd. The stock was 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 directly owns 37,702 shares in the company, valued at $2,675,710.94. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

Shares of NYSE DCI opened at $72.36 on Friday. The company has a market capitalization of $8.71 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. 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 company’s fifty day moving average price is $72.46 and its 200 day moving average price is $72.90. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 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.