Wipfli Financial Advisors LLC Invests $58,000 in Donaldson Company, Inc. (NYSE:DCI)

Wipfli Financial Advisors LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCIGet Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,179 shares of the industrial products company’s stock, valued at approximately $58,000.

Several other large investors also recently made changes to their positions in DCI. Adirondack Trust Co. purchased a new position in shares of Donaldson in the third quarter valued at $39,000. Venture Visionary Partners LLC purchased a new position in shares of Donaldson in the second quarter valued at $40,000. Ellevest Inc. boosted its stake in shares of Donaldson by 117.2% in the second quarter. Ellevest Inc. now owns 1,275 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 688 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Donaldson by 15.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,480 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 200 shares during the period. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Donaldson by 3,478.0% in the second quarter. Janiczek Wealth Management LLC now owns 1,467 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 1,426 shares during the period. Institutional investors and hedge funds own 80.10% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several analyst reports. Robert W. Baird upped their target price on shares of Donaldson from $59.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Morgan Stanley increased their price objective on shares of Donaldson from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, December 1st. Finally, StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th.

Donaldson Stock Up 0.7 %

Shares of NYSE:DCI opened at $61.71 on Friday. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. Donaldson Company, Inc. has a 1-year low of $46.00 and a 1-year high of $61.94. The company’s fifty day moving average is $59.78 and its two-hundred day moving average is $55.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.48 and a current ratio of 2.35.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Monday, December 5th were issued a $0.23 dividend. The ex-dividend date was Friday, December 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is presently 33.45%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 10,500 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $60.95, for a total value of $639,975.00. Following the sale, the president now owns 26,166 shares of the company’s stock, valued at approximately $1,594,817.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, President Thomas R. Scalf sold 10,500 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $60.95, for a total value of $639,975.00. Following the sale, the president now owns 26,166 shares of the company’s stock, valued at approximately $1,594,817.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ajita G. Rajendra sold 6,912 shares of the stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $60.39, for a total transaction of $417,415.68. Following the completion of the sale, the director now directly owns 38,806 shares in the company, valued at approximately $2,343,494.34. The disclosure for this sale can be found here. Insiders have sold a total of 26,618 shares of company stock valued at $1,617,977 in the last quarter. Company insiders own 2.77% of the company’s stock.

Donaldson Profile

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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

See Also

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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