Stonebridge Capital Advisors LLC bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,400 shares of the industrial products company’s stock, valued at approximately $270,000.
Several other institutional investors have also added to or reduced their stakes in DCI. F3Logic LLC raised its position in shares of Donaldson by 1.9% during the 4th quarter. F3Logic LLC now owns 11,903 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 218 shares in the last quarter. Advisor Group Inc. raised its position in shares of Donaldson by 7.9% during the 4th quarter. Advisor Group Inc. now owns 3,292 shares of the industrial products company’s stock valued at $144,000 after acquiring an additional 241 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Donaldson by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the industrial products company’s stock valued at $1,712,000 after acquiring an additional 300 shares in the last quarter. ETF Managers Group LLC raised its position in shares of Donaldson by 10.8% during the 1st quarter. ETF Managers Group LLC now owns 3,203 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 311 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its position in shares of Donaldson by 19.1% during the 4th quarter. Mosaic Family Wealth LLC now owns 2,638 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 423 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.
In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the sale, the director now directly owns 33,172 shares of the company’s stock, valued at $1,628,745.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Tod E. Carpenter sold 4,000 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the sale, the chairman now directly owns 102,037 shares in the company, valued at $5,103,890.74. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock worth $1,596,592 over the last ninety days. 1.35% of the stock is owned by corporate insiders.
Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The company had revenue of $713.00 million during the quarter, compared to analyst estimates of $745.05 million. During the same period in the prior year, the business earned $0.53 earnings per share. Donaldson’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Donaldson Company, Inc. will post 2.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a $0.21 dividend. The ex-dividend date is Wednesday, June 12th. This is a positive change from Donaldson’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.72%. Donaldson’s dividend payout ratio (DPR) is currently 42.00%.
Separately, Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research report on Monday, May 27th. Six research analysts have rated the stock with a hold rating, Donaldson presently has an average rating of “Hold” and an average target price of $53.00.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
Recommended Story: What is systematic risk?
Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI).
Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.