111,500 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Capital Counsel LLC NY

Capital Counsel LLC NY acquired a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 111,500 shares of the industrial products company's stock, valued at approximately $8,218,000. Donaldson makes up approximately 0.4% of Capital Counsel LLC NY's investment portfolio, making the stock its 16th largest holding. Capital Counsel LLC NY owned about 0.09% of Donaldson as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after buying an additional 273 shares in the last quarter. Versant Capital Management Inc grew its stake in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 494 shares in the last quarter. Mather Group LLC. grew its stake in Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson in the 3rd quarter worth $41,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Donaldson by 52.0% during the 3rd 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 last quarter. 82.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James Owens sold 5,210 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. This trade represents a 22.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 4,295 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the sale, the president now directly owns 30,834 shares of the company's stock, valued at $2,261,057.22. This represents a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last three months. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

DCI has been the topic of several research reports. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Thursday, August 29th. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.67.

Donaldson Price Performance

Shares of NYSE DCI traded down $0.63 during mid-day trading on Wednesday, hitting $77.43. 205,131 shares of the company's stock traded hands, compared to its average volume of 488,143. The company has a market capitalization of $9.27 billion, a P/E ratio of 22.90, a PEG ratio of 2.06 and a beta of 1.04. Donaldson Company, Inc. has a 1 year low of $58.75 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company's 50-day moving average is $74.70 and its two-hundred day moving average is $73.35.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. Donaldson's dividend payout ratio is presently 31.95%.

About Donaldson

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.