Benjamin Edwards Inc. Buys 101,853 Shares of Donaldson Company, Inc. (NYSE:DCI)

Benjamin Edwards Inc. grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 912.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,013 shares of the industrial products company's stock after purchasing an additional 101,853 shares during the period. Benjamin Edwards Inc. owned about 0.09% of Donaldson worth $8,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company's stock valued at $134,832,000 after acquiring an additional 32,964 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company's stock valued at $121,073,000 after purchasing an additional 75,733 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock valued at $93,770,000 after purchasing an additional 153,342 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Donaldson by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company's stock valued at $91,964,000 after purchasing an additional 9,143 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company's stock worth $53,964,000 after buying an additional 117,874 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 4,295 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the sale, the president now directly owns 30,834 shares of the company's stock, valued at approximately $2,261,057.22. The trade was a 12.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Willard D. Oberton sold 2,700 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the transaction, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DCI. Stifel Nicolaus decreased their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.67.

Donaldson Trading Down 6.1 %

Shares of Donaldson stock traded down $4.76 on Tuesday, hitting $73.31. The stock had a trading volume of 805,245 shares, compared to its average volume of 492,045. The stock has a 50 day moving average of $75.13 and a 200 day moving average of $73.44. The firm has a market capitalization of $8.78 billion, a P/E ratio of 21.46, a PEG ratio of 2.05 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $60.78 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

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, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Sell-side analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. Donaldson's dividend payout ratio is currently 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.