Sanctuary Advisors LLC Boosts Position in Donaldson Company, Inc. (NYSE:DCI)

Sanctuary Advisors LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 33.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,787 shares of the industrial products company’s stock after buying an additional 4,908 shares during the quarter. Sanctuary Advisors LLC’s holdings in Donaldson were worth $1,533,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in shares of Donaldson during the second quarter valued at approximately $14,288,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Donaldson by 91.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock worth $26,531,000 after buying an additional 177,078 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after buying an additional 153,342 shares in the last quarter. Algert Global LLC grew its position in shares of Donaldson by 1,554.0% during the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock worth $10,473,000 after buying an additional 137,498 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Donaldson by 5.1% in the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after acquiring an additional 118,156 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Donaldson

In related news, CEO Tod E. Carpenter sold 30,919 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the transaction, the chief executive officer now owns 256,742 shares in the company, valued at $18,662,575.98. This trade represents a 10.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,014 shares of company stock valued at $9,133,197 in the last three months. 2.70% of the stock is owned by insiders.

Donaldson Price Performance

NYSE DCI opened at $68.02 on Friday. The firm’s fifty day simple moving average is $74.74 and its two-hundred day simple moving average is $73.26. The firm has a market capitalization of $8.12 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.90 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12-month low of $61.79 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post 3.64 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. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s dividend payout ratio (DPR) is currently 31.40%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DCI. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Morgan Stanley lifted their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Finally, Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson 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.