205,872 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 205,872 shares of the industrial products company's stock, valued at approximately $13,865,000. Raymond James Financial Inc. owned approximately 0.17% of Donaldson as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in Donaldson in the 4th quarter valued at about $1,311,000. Atria Investments Inc lifted its holdings in Donaldson by 49.7% in the 4th quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock valued at $938,000 after acquiring an additional 4,625 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Donaldson by 84.4% during the fourth quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock valued at $928,000 after buying an additional 6,308 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 in the last quarter. Finally, Versor Investments LP lifted its stake in Donaldson by 41.1% during the fourth quarter. Versor Investments LP now owns 7,900 shares of the industrial products company's stock valued at $532,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

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Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly 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. Over the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by company insiders.

Donaldson Stock Performance

DCI stock traded down $0.55 during midday trading on Friday, hitting $67.31. 2,808,242 shares of the company traded hands, compared to its average volume of 524,836. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve 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 has a 50 day simple moving average of $69.56 and a 200-day simple moving average of $71.65. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. Donaldson's dividend payout ratio is 31.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on DCI shares. Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley increased their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.