Sanctuary Advisors LLC Takes $1.08 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Sanctuary Advisors LLC bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,879 shares of the industrial products company's stock, valued at approximately $1,075,000.

Several other large investors have also recently made changes to their positions in DCI. TD Asset Management Inc boosted its holdings in shares of Donaldson by 23.7% during the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company's stock valued at $143,434,000 after buying an additional 367,705 shares in the last quarter. Eagle Ridge Investment Management bought a new position in shares of Donaldson during the 1st quarter valued at approximately $25,351,000. Confluence Investment Management LLC bought a new position in shares of Donaldson during the 1st quarter valued at approximately $25,018,000. Heartland Advisors Inc. bought a new position in shares of Donaldson during the 1st quarter valued at approximately $17,016,000. Finally, Los Angeles Capital Management LLC bought a new position in Donaldson in the 2nd quarter worth approximately $14,288,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DCI has been the subject of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. Raymond James began coverage on Donaldson in a research report on Friday, June 28th. They set a "market perform" rating for the company. Finally, StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. One 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.67.

Donaldson Price Performance

DCI stock traded up $0.95 during midday trading on Friday, reaching $73.82. The stock had a trading volume of 463,722 shares, compared to its average volume of 486,062. The company's fifty day simple moving average is $72.36 and its 200 day simple moving average is $72.91. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.92 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.

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

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, August 13th. Donaldson's payout ratio is 31.95%.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction that occurred 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 owns 28,334 shares of the company's stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 2,500 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock worth $12,310,222 over the last 90 days. 2.70% of the stock is owned by insiders.

Donaldson 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.