Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC raised its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 478,487 shares of the industrial products company's stock after buying an additional 9,827 shares during the quarter. Donaldson makes up approximately 2.4% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 15th largest position. Mountain Pacific Investment Advisers LLC owned about 0.40% of Donaldson worth $35,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DCI. Park Place Capital Corp acquired a new position in Donaldson in the first quarter valued at approximately $27,000. Mather Group LLC. grew its holdings in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after purchasing an additional 404 shares during the period. Versant Capital Management Inc increased its position in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after purchasing an additional 494 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Donaldson during the 1st quarter worth about $46,000. Finally, Sunbelt Securities Inc. purchased a new stake in Donaldson in the 1st quarter valued at about $52,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DCI. Raymond James initiated coverage on shares of Donaldson in a research note on Friday, June 28th. They set a "market perform" rating for the company. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Finally, Stifel Nicolaus cut 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.67.

Donaldson Trading Down 0.4 %

NYSE:DCI traded down $0.26 on Thursday, reaching $72.87. 449,454 shares of the company's stock were exchanged, compared to its average volume of 486,176. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $72.35 and a 200-day moving average of $72.91.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. As a group, analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson's payout ratio is presently 33.44%.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $182,900.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the company's stock in a transaction dated 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 directly owns 37,702 shares of the company's stock, valued at approximately $2,791,456.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,805 shares of company stock worth $12,310,222. Company insiders own 2.58% of the company's stock.

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.