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Donaldson Company, Inc. (NYSE:DCI) Stake Boosted by Franklin Resources Inc.

Donaldson logo with Industrial Products background

Franklin Resources Inc. lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,981,739 shares of the industrial products company's stock after buying an additional 73,234 shares during the quarter. Franklin Resources Inc. owned about 2.49% of Donaldson worth $220,380,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. UMB Bank n.a. raised its position in Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 273 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson in the 3rd quarter valued at $41,000. V Square Quantitative Management LLC raised its position in Donaldson by 52.0% in 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. GAMMA Investing LLC raised its position in Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 301 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Donaldson by 221.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Transactions at Donaldson

In related news, Director Willard D. Oberton sold 2,700 shares of the firm's stock in a transaction on Friday, October 4th. The stock was 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. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DCI has been the topic of several recent research reports. Robert W. Baird boosted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Stifel Nicolaus decreased their price objective on shares of 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 upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Finally, Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.00.

Read Our Latest Analysis on Donaldson

Donaldson Stock Down 0.7 %

NYSE:DCI traded down $0.50 during trading hours on Friday, hitting $72.14. The stock had a trading volume of 443,439 shares, compared to its average volume of 506,596. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1-year low of $61.79 and a 1-year high of $78.95. The business has a 50 day simple moving average of $75.00 and a two-hundred day simple moving average of $73.35. The company has a market cap of $8.62 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data 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. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. During the same quarter last year, the company earned $0.75 earnings per share. Donaldson's revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, December 9th. Donaldson's payout ratio is currently 31.40%.

Donaldson Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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