CIBC Private Wealth Group LLC Has $1.96 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

CIBC Private Wealth Group LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,887 shares of the industrial products company’s stock after buying an additional 7,894 shares during the period. CIBC Private Wealth Group LLC’s holdings in Donaldson were worth $1,963,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DCI. IFP Advisors Inc grew its stake in shares of Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in Donaldson in the fourth quarter valued at $943,000. JPMorgan Chase & Co. increased its stake in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after buying an additional 23,758 shares during the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its position in Donaldson by 21.4% during the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock worth $4,702,000 after buying an additional 12,315 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Insider Activity at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Trading Up 1.4 %

Donaldson stock opened at $68.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a 50-day simple moving average of $69.24 and a 200 day simple moving average of $71.53. The stock has a market capitalization of $8.18 billion, a P/E ratio of 19.88, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95.

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

Donaldson Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on DCI shares. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.