Donaldson Company, Inc. $DCI Shares Sold by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA decreased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,993 shares of the industrial products company’s stock after selling 642 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Donaldson were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Donaldson during the first quarter worth $29,000. Brooklyn Investment Group increased its stake in Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 320 shares during the last quarter. Steph & Co. acquired a new stake in Donaldson during the second quarter worth $46,000. CX Institutional acquired a new stake in Donaldson during the first quarter worth $53,000. Finally, Smartleaf Asset Management LLC increased its stake in Donaldson by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Donaldson Trading Down 2.1%

NYSE:DCI opened at $79.75 on Friday. The firm has a market cap of $9.24 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The stock has a fifty day moving average price of $78.58 and a 200 day moving average price of $71.73. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $83.43. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $802.50 million during the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. Donaldson’s dividend payout ratio (DPR) is 39.34%.

Insider Activity at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the sale, the director directly owned 29,330 shares of the company’s stock, valued at $2,345,226.80. The trade was a 52.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the sale, the president directly owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,900 shares of company stock worth $5,129,264. Company insiders own 2.70% of the company’s stock.

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.