Consolidated Planning Corp Grows Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Consolidated Planning Corp increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 52.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,275 shares of the industrial products company’s stock after purchasing an additional 2,516 shares during the quarter. Consolidated Planning Corp’s holdings in Donaldson were worth $490,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DCI. Granite Bay Wealth Management LLC purchased a new position in shares of Donaldson in the 4th quarter worth about $943,000. JPMorgan Chase & Co. raised its holdings in shares of Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after purchasing an additional 23,758 shares during the period. Jensen Investment Management Inc. raised its holdings in shares of Donaldson by 18.1% in the 3rd quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock worth $4,941,000 after purchasing an additional 10,280 shares during the period. GAMMA Investing LLC raised its holdings in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Donaldson by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 1,974 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Donaldson Trading Down 1.2 %

Shares of NYSE DCI opened at $69.85 on Thursday. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a 12-month low of $65.60 and a 12-month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $69.84 and its 200 day simple moving average is $72.42.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, February 13th. Donaldson’s payout ratio is currently 31.40%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 8th. Morgan Stanley raised their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.