Pathstone Holdings LLC Increases Stake in Donaldson Company, Inc. (NYSE:DCI)

Pathstone Holdings LLC grew its position in Donaldson Company, Inc. (NYSE:DCI) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,634 shares of the industrial products company’s stock after acquiring an additional 1,534 shares during the period. Pathstone Holdings LLC’s holdings in Donaldson were worth $1,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DCI. UMB Bank n.a. lifted its position in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 273 shares during the period. Versant Capital Management Inc raised its stake in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Donaldson during the third quarter worth $41,000. Finally, V Square Quantitative Management LLC raised its position in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 0.5 %

DCI opened at $77.64 on Friday. Donaldson Company, Inc. has a 12 month low of $58.75 and a 12 month high of $78.95. The business has a 50-day moving average of $74.82 and a two-hundred day moving average of $73.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.04.

Donaldson (NYSE:DCI) last released its earnings results 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. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, research analysts expect 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 issued a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Donaldson’s payout ratio is 31.95%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. The trade was a 8.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Owens sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DCI has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Donaldson has a consensus 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.