EverSource Wealth Advisors LLC Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

EverSource Wealth Advisors LLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,137 shares of the industrial products company’s stock after buying an additional 353 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Donaldson were worth $77,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DCI. Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Donaldson by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC boosted its stake in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the period. Hancock Whitney Corp boosted its stake in shares of Donaldson by 1.2% in the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares during the period. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Donaldson by 5.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 249 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 1.2 %

DCI opened at $68.16 on Wednesday. The stock has a market capitalization of $8.15 billion, a PE ratio of 19.81, a P/E/G ratio of 1.82 and a beta of 1.04. The firm’s fifty day moving average price is $69.53 and its 200 day moving average price is $71.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business 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%. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is 31.58%.

Insiders Place Their Bets

In related news, President Thomas R. Scalf sold 29,500 shares of the 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 sale, the president now owns 28,334 shares of the company’s stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,000 shares of company stock valued at $4,951,425. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DCI. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley upped their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.