111,500 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Capital Counsel LLC NY

Capital Counsel LLC NY bought a new position in Donaldson Company, Inc. (NYSE:DCI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 111,500 shares of the industrial products company’s stock, valued at approximately $8,218,000. Donaldson makes up approximately 0.4% of Capital Counsel LLC NY’s investment portfolio, making the stock its 16th largest holding.

Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Donaldson during the second quarter valued at approximately $14,288,000. Jupiter Asset Management Ltd. boosted its holdings in Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock worth $26,531,000 after purchasing an additional 177,078 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares during the period. Algert Global LLC lifted its holdings in shares of Donaldson by 1,554.0% during the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock valued at $10,473,000 after buying an additional 137,498 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Donaldson by 18.5% in the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after buying an additional 117,874 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity at Donaldson

In related news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. This represents a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is owned by corporate insiders.

Donaldson Price Performance

Shares of Donaldson stock opened at $78.06 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock’s fifty day moving average is $74.57 and its 200 day moving average is $73.33. The stock has a market cap of $9.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.06 and a beta of 1.04. Donaldson Company, Inc. has a one year low of $58.75 and a one year high of $78.95.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Donaldson’s payout ratio is 31.95%.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Donaldson currently has an average rating of “Hold” and an average target price of $69.67.

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.