Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,236 Shares of Donaldson Company, Inc. (NYSE:DCI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Donaldson Company, Inc. (NYSE:DCI) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,791 shares of the industrial products company’s stock after acquiring an additional 2,236 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Donaldson were worth $1,872,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of DCI. Scharf Investments LLC bought a new position in Donaldson during the 4th quarter worth $61,697,000. Dudley & Shanley Inc. raised its position in Donaldson by 5,118.4% during the 4th quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock worth $18,100,000 after purchasing an additional 263,600 shares during the last quarter. Swedbank AB bought a new position in Donaldson during the 4th quarter worth $17,471,000. Raymond James Financial Inc. bought a new position in Donaldson during the 4th quarter worth $13,865,000. Finally, Geode Capital Management LLC raised its position in Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $2,032,255.00. Following the completion of the sale, the president now 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 disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DCI has been the subject of several analyst reports. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.00.

Donaldson Stock Performance

DCI stock opened at $69.09 on Tuesday. The stock has a 50-day moving average price of $69.51 and a 200-day moving average price of $71.77. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.26 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last posted 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). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is presently 31.58%.

About Donaldson

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.