Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in Donaldson Company, Inc. (NYSE:DCI) by 45.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,137 shares of the industrial products company’s stock after purchasing an additional 353 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Donaldson were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC grew its position in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC grew its position in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares in the last quarter. Kentucky Trust Co bought a new position in Donaldson in the 4th quarter valued at about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after buying an additional 571 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $68.16 on Wednesday. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $69.53 and a 200-day moving average of $71.73. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DCI. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.00.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock worth $4,951,425 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

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.