Jones Financial Companies Lllp Acquires 7,891 Shares of Donaldson Company, Inc. $DCI

Jones Financial Companies Lllp raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 25.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,420 shares of the industrial products company’s stock after purchasing an additional 7,891 shares during the period. Jones Financial Companies Lllp’s holdings in Donaldson were worth $3,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC grew its position in Donaldson by 203.7% during the third quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after buying an additional 218 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 368 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 409 shares during the period. NewSquare Capital LLC acquired a new stake in shares of Donaldson during the 2nd quarter worth $34,000. Finally, Hoese & Co LLP grew its holdings in shares of Donaldson by 266.7% during the 2nd quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCI. Jefferies Financial Group boosted their price target on Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Stifel Nicolaus increased their price target on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Finally, Robert W. Baird set a $110.00 price objective on shares of Donaldson in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.25.

Donaldson Trading Up 1.9%

Shares of Donaldson stock opened at $109.11 on Friday. The firm’s 50 day moving average is $95.51 and its 200 day moving average is $85.77. The firm has a market capitalization of $12.58 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $109.88. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities research 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 will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be given a $0.30 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.1%. Donaldson’s dividend payout ratio (DPR) is currently 37.38%.

Insider Activity

In other news, CFO Bradley J. Pogalz sold 566 shares of Donaldson stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares of the company’s stock, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the completion of the transaction, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. This trade represents a 31.04% decrease in their position. The SEC filing for this sale provides additional information. 2.20% of the stock is currently owned by company insiders.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.