Raymond James Financial Services Advisors Inc. Has $679,000 Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Raymond James Financial Services Advisors Inc. boosted its position in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) by 5.9% in the third quarter, Holdings Channel.com reports. The firm owned 13,846 shares of the industrial products company’s stock after purchasing an additional 773 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Donaldson were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCI. State Street Corp grew its stake in shares of Donaldson by 13.9% in the 2nd quarter. State Street Corp now owns 6,767,711 shares of the industrial products company’s stock valued at $325,798,000 after buying an additional 824,842 shares in the last quarter. BlackRock Inc. grew its position in Donaldson by 3.9% in the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after acquiring an additional 413,360 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Donaldson by 55.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 783,111 shares of the industrial products company’s stock worth $40,667,000 after purchasing an additional 279,484 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Donaldson by 206.7% during the 2nd quarter. Millennium Management LLC now owns 380,099 shares of the industrial products company’s stock valued at $18,298,000 after purchasing an additional 256,167 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Donaldson by 6.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,966,859 shares of the industrial products company’s stock valued at $190,963,000 after purchasing an additional 239,595 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.

Insider Activity

In related news, President Thomas R. Scalf sold 10,500 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were 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 $1,594,817.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the president now owns 26,166 shares in the company, valued at $1,594,817.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ajita G. Rajendra sold 1,206 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $61.00, for a total value of $73,566.00. Following the transaction, the director now owns 38,806 shares in the company, valued at $2,367,166. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,618 shares of company stock valued at $1,617,977. 2.77% of the stock is owned by company insiders.

Donaldson Stock Performance

Shares of DCI opened at $60.27 on Tuesday. The company has a market capitalization of $7.33 billion, a PE ratio of 21.92, 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. Donaldson Company, Inc. has a one year low of $46.00 and a one year high of $62.16. The company’s fifty day moving average price is $59.92 and its 200 day moving average price is $55.55.

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

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Monday, December 5th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, December 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.53%. Donaldson’s dividend payout ratio (DPR) is presently 33.45%.

Wall Street Analyst Weigh In

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

Donaldson Company 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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