18,741 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Hancock Whitney Corp

Hancock Whitney Corp acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,741 shares of the industrial products company’s stock, valued at approximately $1,341,000.

A number of other hedge funds have also recently bought and sold shares of DCI. Kayne Anderson Rudnick Investment Management LLC increased its stake in Donaldson by 1.8% in 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 during the period. Ensign Peak Advisors Inc boosted its stake in shares of Donaldson by 2.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 58,845 shares of the industrial products company’s stock valued at $4,211,000 after purchasing an additional 1,510 shares in the last quarter. Nkcfo LLC bought a new position in Donaldson in the second quarter worth about $111,000. Summit Trail Advisors LLC lifted its holdings in Donaldson by 25.6% in the second quarter. Summit Trail Advisors LLC now owns 7,843 shares of the industrial products company’s stock worth $561,000 after buying an additional 1,598 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Donaldson by 46.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 119,148 shares of the industrial products company’s stock valued at $8,527,000 after acquiring an additional 37,778 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction that occurred on 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 owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Donaldson Stock Down 1.2 %

NYSE:DCI opened at $72.30 on Monday. The firm has a 50-day simple moving average of $72.46 and a two-hundred day simple moving average of $72.90. The firm has a market cap of $8.71 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Upgrades and Downgrades

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