Stifel Financial Corp Acquires 33,156 Shares of Donaldson Company, Inc. (NYSE:DCI)

Stifel Financial Corp increased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,819 shares of the industrial products company's stock after acquiring an additional 33,156 shares during the quarter. Stifel Financial Corp owned 0.16% of Donaldson worth $12,516,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Donaldson by 186.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,204 shares of the industrial products company's stock valued at $755,000 after purchasing an additional 7,289 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Donaldson by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 67,508 shares of the industrial products company's stock valued at $4,547,000 after buying an additional 5,283 shares during the period. Dimensional Fund Advisors LP increased its position in Donaldson by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock valued at $108,804,000 after buying an additional 129,189 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Donaldson by 2.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,206,977 shares of the industrial products company's stock worth $81,290,000 after buying an additional 30,433 shares during the period. Finally, Fiduciary Management Inc. WI boosted its holdings in Donaldson by 19.9% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after acquiring an additional 367,383 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DCI shares. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $71.33.

Donaldson Stock Up 0.8 %

Shares of Donaldson stock traded up $0.52 on Wednesday, hitting $63.82. The company had a trading volume of 560,319 shares, compared to its average volume of 574,559. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The stock has a 50 day moving average of $66.54 and a 200-day moving average of $70.35.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share 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 the consensus estimate of $908.32 million. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is 31.58%.

Insider Buying and Selling at Donaldson

In related 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 transaction 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 trade represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,700 shares of company stock worth $5,164,799. Insiders own 2.70% of the company's stock.

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.