Proficio Capital Partners LLC Acquires New Stake in Donaldson Company, Inc. (NYSE:DCI)

Proficio Capital Partners LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,464 shares of the industrial products company's stock, valued at approximately $1,311,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the period. Venturi Wealth Management LLC boosted its position in Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares during the period. Kentucky Trust Co bought a new position in shares of Donaldson in the 4th quarter worth approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company's stock worth $152,000 after acquiring an additional 571 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Up 1.4 %

Shares of NYSE DCI traded up $0.95 during trading on Monday, reaching $68.16. The company had a trading volume of 470,818 shares, compared to its average volume of 524,620. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business's 50-day moving average is $69.56 and its 200 day moving average is $71.66. The stock has a market cap of $8.15 billion, a PE ratio of 19.81, a P/E/G ratio of 1.82 and a beta of 1.04.

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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 analysts' expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.58%. Donaldson's dividend payout ratio (DPR) is presently 31.58%.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the firm's 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 $1,951,929.26. This trade represents a 51.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares of the company's stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,000 shares of company stock worth $4,951,425. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

DCI has been the topic of several research reports. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Donaldson has a consensus rating of "Hold" and a consensus price target of $74.00.

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.