Jones Financial Companies Lllp Buys 7,891 Shares of Donaldson Company, Inc. $DCI

Jones Financial Companies Lllp lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 25.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,420 shares of the industrial products company’s stock after acquiring an additional 7,891 shares during the quarter. Jones Financial Companies Lllp’s holdings in Donaldson were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DCI. Royal Bank of Canada increased its position in Donaldson by 38.2% during the 1st quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock valued at $6,848,000 after purchasing an additional 28,207 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after buying an additional 494 shares during the period. Millennium Management LLC raised its stake in Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock worth $15,020,000 after buying an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Donaldson by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after buying an additional 62,864 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Donaldson by 2.2% during the second quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 160 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the transaction, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of Donaldson stock in a transaction on Friday, December 5th. The stock was sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the transaction, the director directly owned 43,993 shares in the company, valued at $4,049,115.72. This represents a 31.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by company insiders.

Donaldson Stock Performance

Shares of DCI stock opened at $109.11 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $95.51 and a two-hundred day simple moving average of $85.77. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $109.88. The firm has a market capitalization of $12.58 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $922.68 million. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. Donaldson’s dividend payout ratio is 37.38%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird set a $110.00 price objective on Donaldson in a research report on Monday, February 2nd. Stifel Nicolaus lifted their target price on Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research note on Friday, January 9th. Finally, Jefferies Financial Group increased their target price on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and a consensus target price of $103.25.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.