Great West Life Assurance Co. Can Acquires 5,597 Shares of Donaldson Company, Inc. (NYSE:DCI)

Great West Life Assurance Co. Can boosted its position in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,236 shares of the industrial products company’s stock after acquiring an additional 5,597 shares during the period. Great West Life Assurance Co. Can’s holdings in Donaldson were worth $4,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Trust Co. bought a new stake in Donaldson during the 3rd quarter worth approximately $39,000. Venture Visionary Partners LLC bought a new stake in Donaldson during the 2nd quarter worth approximately $40,000. Wipfli Financial Advisors LLC bought a new stake in Donaldson during the 3rd quarter worth approximately $58,000. Ellevest Inc. raised its stake in Donaldson by 117.2% during the 2nd quarter. Ellevest Inc. now owns 1,275 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 688 shares during the period. Finally, Janiczek Wealth Management LLC grew its holdings in Donaldson by 3,478.0% during the 2nd quarter. Janiczek Wealth Management LLC now owns 1,467 shares of the industrial products company’s stock valued at $80,000 after buying an additional 1,426 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Friday, November 11th. Robert W. Baird raised their target price on shares of Donaldson from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Finally, Morgan Stanley lifted their price objective on shares of Donaldson from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, December 1st.

Donaldson Price Performance

DCI opened at $59.64 on Monday. Donaldson Company, Inc. has a 1 year low of $46.00 and a 1 year high of $62.16. The firm has a market capitalization of $7.26 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.35 and a quick ratio of 1.48. The business’s 50-day moving average is $59.90 and its two-hundred day moving average is $55.47.

Donaldson (NYSE:DCIGet Rating) last issued its earnings results on Wednesday, November 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Donaldson had a return on equity of 31.03% and a net margin of 10.11%. The firm had revenue of $847.30 million for the quarter, compared to analyst estimates of $824.42 million. Research analysts anticipate that Donaldson Company, Inc. will post 2.99 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Monday, December 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, December 2nd. Donaldson’s payout ratio is currently 33.45%.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 10,500 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $60.95, for a total transaction of $639,975.00. Following the transaction, 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 is available through this hyperlink. In other news, President Thomas R. Scalf sold 10,500 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $60.95, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amy C. Becker sold 3,500 shares of Donaldson stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $60.72, for a total value of $212,520.00. Following the completion of the transaction, the insider now owns 35,806 shares in the company, valued at $2,174,140.32. The disclosure for this sale can be found here. Insiders sold a total of 26,618 shares of company stock worth $1,617,977 in the last three months. 2.77% of the stock is owned by corporate insiders.

Donaldson Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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