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

Proficio Capital Partners LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,464 shares of the industrial products company’s stock, valued at approximately $1,311,000.

A number of other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC increased its position in Donaldson by 5.1% in the third 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 period. Bank of New York Mellon Corp increased its position in Donaldson by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company’s stock worth $85,351,000 after purchasing an additional 92,624 shares during the period. Scharf Investments LLC acquired a new stake in Donaldson in the fourth quarter worth about $61,697,000. Finally, Mcdaniel Terry & Co. increased its position in Donaldson by 9.4% in the fourth quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company’s stock worth $37,838,000 after purchasing an additional 48,485 shares during the period. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DCI shares. Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. 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. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

Donaldson stock opened at $67.87 on Friday. The firm has a market capitalization of $8.11 billion, a P/E ratio of 19.73, a PEG ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The business has a 50-day moving average of $69.55 and a 200-day moving average of $71.69. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s payout ratio is currently 31.58%.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,000 shares of company stock worth $4,951,425. 2.70% of the stock is owned by company 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.