Trust Point Inc. Has $439,000 Position in Donaldson Company, Inc. (NYSE:DCI)

Trust Point Inc. grew its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,951 shares of the industrial products company’s stock after purchasing an additional 293 shares during the quarter. Trust Point Inc.’s holdings in Donaldson were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. UMB Bank n.a. boosted its position in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after buying an additional 273 shares during the period. Park Place Capital Corp acquired a new position in shares of Donaldson during the first quarter worth $27,000. Versant Capital Management Inc grew 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. grew its stake in shares of Donaldson by 408.1% in 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 last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In related news, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $373,765.40. Following the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. This trade 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. Also, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 over the last ninety days. 2.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of analyst reports. Raymond James started coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus decreased their target price 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, StockNews.com upgraded shares of 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 given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.67.

Donaldson Stock Performance

Shares of DCI opened at $75.68 on Friday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The company has a market cap of $9.11 billion, a PE ratio of 23.43, a P/E/G ratio of 1.92 and a beta of 1.04. The stock has a 50-day moving average of $72.63 and a 200-day moving average of $72.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

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

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 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.