Bank of Montreal Can Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Bank of Montreal Can boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 108.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,228 shares of the industrial products company's stock after purchasing an additional 38,626 shares during the period. Bank of Montreal Can owned about 0.06% of Donaldson worth $5,480,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of Donaldson in the 2nd quarter worth approximately $14,288,000. Jupiter Asset Management Ltd. raised its holdings in Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company's stock worth $26,531,000 after purchasing an additional 177,078 shares during the period. Dimensional Fund Advisors LP increased its stake in Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock worth $93,770,000 after purchasing an additional 153,342 shares in the last quarter. Algert Global LLC boosted its position in Donaldson by 1,554.0% during the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company's stock worth $10,473,000 after acquiring an additional 137,498 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Donaldson by 18.5% in the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company's stock valued at $53,964,000 after acquiring an additional 117,874 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the firm'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 transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of Donaldson stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the transaction, the director now owns 27,983 shares in the company, valued at $2,053,112.71. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.70% of the company's stock.

Donaldson Trading Up 0.9 %

Shares of NYSE:DCI traded up $0.66 during midday trading on Wednesday, hitting $73.35. 855,482 shares of the stock traded hands, compared to its average volume of 498,694. The stock has a market capitalization of $8.78 billion, a PE ratio of 21.33, a P/E/G ratio of 2.05 and a beta of 1.04. The business's 50 day moving average is $75.11 and its two-hundred day moving average is $73.43. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a one year low of $60.78 and a one year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Donaldson's revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, December 9th. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. 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. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.