Donaldson Company, Inc. (NYSE:DCI) Stock Position Raised by Commerce Bank

Commerce Bank boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 44,933 shares of the industrial products company’s stock after buying an additional 399 shares during the quarter. Commerce Bank’s holdings in Donaldson were worth $3,312,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DCI. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Donaldson by 31.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,308 shares of the industrial products company’s stock valued at $1,058,000 after buying an additional 3,464 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Donaldson by 22.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,970 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 1,487 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Donaldson by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Donaldson by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 60,292 shares of the industrial products company’s stock worth $4,503,000 after purchasing an additional 1,124 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Donaldson during the first quarter worth approximately $660,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 8.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the sale, the chief executive officer now owns 256,742 shares of the company’s stock, valued at $18,662,575.98. This trade 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 sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Donaldson has an average rating of “Hold” and an average target price of $69.67.

Donaldson Stock Performance

DCI stock opened at $77.44 on Friday. The firm has a 50 day moving average of $74.43 and a two-hundred day moving average of $73.33. Donaldson Company, Inc. has a 12 month low of $58.75 and a 12 month high of $78.71. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.98 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Donaldson’s payout ratio is 31.95%.

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.