Vest Financial LLC Has $4.10 Million Holdings in Donaldson Company, Inc. $DCI

Vest Financial LLC increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 31.4% during the second quarter, Holdings Channel reports. The fund owned 59,044 shares of the industrial products company’s stock after acquiring an additional 14,120 shares during the quarter. Vest Financial LLC’s holdings in Donaldson were worth $4,095,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Donaldson during the first quarter valued at approximately $29,000. Brooklyn Investment Group raised its holdings in shares of Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 320 shares during the period. Steph & Co. acquired a new stake in shares of Donaldson during the second quarter valued at approximately $46,000. CX Institutional acquired a new position in Donaldson in the 1st quarter valued at approximately $53,000. Finally, Smartleaf Asset Management LLC increased its stake in Donaldson by 34.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock valued at $54,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

DCI stock opened at $81.08 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.89 and a beta of 0.99. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $83.43. The firm has a 50 day moving average of $78.76 and a two-hundred day moving average of $71.85.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. The company had revenue of $802.50 million during the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. As a group, equities analysts anticipate 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 Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson’s payout ratio is currently 39.34%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DCI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Donaldson in a research note on Saturday, September 27th. Robert W. Baird upped their price objective on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Morgan Stanley upped their price objective on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus upped their price objective on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Donaldson has an average rating of “Hold” and a consensus target price of $80.33.

Insiders Place Their Bets

In related news, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. This represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the sale, the insider directly owned 44,645 shares of the company’s stock, valued at approximately $3,647,942.95. This represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,900 shares of company stock valued at $5,129,264 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

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.