Benjamin Edwards Inc. Acquires 101,853 Shares of Donaldson Company, Inc. (NYSE:DCI)

Benjamin Edwards Inc. boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 912.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 113,013 shares of the industrial products company’s stock after purchasing an additional 101,853 shares during the period. Benjamin Edwards Inc.’s holdings in Donaldson were worth $8,331,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in shares of Donaldson in the 3rd quarter valued at about $343,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 571 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Donaldson in the 3rd quarter worth approximately $2,960,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Donaldson by 2.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,555 shares of the industrial products company’s stock valued at $1,883,000 after purchasing an additional 562 shares during the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of Donaldson during the third quarter valued at approximately $460,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Price Performance

Shares of DCI stock opened at $78.08 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. Donaldson Company, Inc. has a fifty-two week low of $60.78 and a fifty-two week high of $78.95. The firm has a market cap of $9.35 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.05 and a beta of 1.04. The business’s 50 day moving average price is $75.02 and its 200-day moving average price is $73.41.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is currently 31.95%.

Analyst Ratings Changes

Several research analysts recently commented on DCI shares. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. 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 research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Donaldson currently has an average rating of “Hold” and an average price target of $69.67.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This represents a 8.11 % 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, CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares in the company, valued at $18,662,575.98. This represents a 10.75 % 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.

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.