Capital Counsel LLC NY Boosts Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Capital Counsel LLC NY increased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 489.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 656,957 shares of the industrial products company's stock after buying an additional 545,457 shares during the quarter. Donaldson comprises about 1.9% of Capital Counsel LLC NY's portfolio, making the stock its 12th biggest position. Capital Counsel LLC NY owned approximately 0.55% of Donaldson worth $44,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Donaldson during the 4th quarter worth $65,828,000. Scharf Investments LLC purchased a new position in shares of Donaldson in the 4th quarter worth about $61,697,000. Invesco Ltd. grew its position in Donaldson by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after buying an additional 299,302 shares during the period. Dudley & Shanley Inc. increased its holdings in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock worth $18,100,000 after buying an additional 263,600 shares during the last quarter. Finally, Swedbank AB bought a new stake in Donaldson in the fourth quarter worth about $17,471,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Price Performance

Shares of NYSE DCI traded up $1.13 during mid-day trading on Wednesday, reaching $64.43. 158,034 shares of the company were exchanged, compared to its average volume of 573,010. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company's 50 day moving average price is $66.54 and its 200 day moving average price is $70.35. The stock has a market capitalization of $7.70 billion, a PE ratio of 18.73, a PEG ratio of 1.82 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. Donaldson's dividend payout ratio is currently 31.58%.

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now directly owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last ninety days. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DCI shares. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Donaldson has a consensus rating of "Hold" and an average target price of $71.33.

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.