ICW Investment Advisors LLC Purchases 1,089 Shares of Donaldson Company, Inc. (NYSE:DCI)

ICW Investment Advisors LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 4.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,944 shares of the industrial products company’s stock after acquiring an additional 1,089 shares during the quarter. ICW Investment Advisors LLC’s holdings in Donaldson were worth $1,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DCI. Pathstone Holdings LLC grew its position in shares of Donaldson by 8.5% during the 3rd quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock worth $1,447,000 after buying an additional 1,534 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Donaldson by 305.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,552 shares of the industrial products company’s stock worth $1,588,000 after buying an additional 16,237 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Donaldson by 197.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,376 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Donaldson by 35.0% during the 3rd quarter. Raymond James Trust N.A. now owns 7,663 shares of the industrial products company’s stock worth $565,000 after buying an additional 1,986 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in Donaldson by 116.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 16,380 shares of the industrial products company’s stock valued at $1,207,000 after purchasing an additional 8,817 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Down 0.8 %

Donaldson stock opened at $67.31 on Monday. The stock has a 50-day moving average of $69.56 and a two-hundred day moving average of $71.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a one year low of $65.10 and a one year high of $78.95. The stock has a market cap of $8.04 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DCI. Morgan Stanley raised their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird raised their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One research 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’s stock. Based on data from MarketBeat, Donaldson currently has a consensus rating of “Hold” and a consensus target price of $74.00.

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.