Hsbc Holdings PLC Purchases 3,049 Shares of Donaldson Company, Inc. (NYSE:DCI)

Hsbc Holdings PLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,129 shares of the industrial products company’s stock after acquiring an additional 3,049 shares during the quarter. Hsbc Holdings PLC’s holdings in Donaldson were worth $2,165,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in Donaldson during the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in Donaldson in the 3rd quarter worth approximately $27,000. Lindbrook Capital LLC grew its stake in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Blue Trust Inc. raised its holdings in Donaldson by 65.5% during the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 298 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Donaldson during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In other Donaldson news, insider Sheila G. Kramer sold 45,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the sale, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sheila G. Kramer sold 45,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the transaction, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird reduced their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.25.

Check Out Our Latest Research Report on Donaldson

Donaldson Price Performance

Donaldson stock opened at $74.10 on Friday. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 2.11 and a beta of 1.06. The company has a quick ratio of 0.99, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $73.67 and a 200 day simple moving average of $68.83. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03.

Donaldson (NYSE:DCIGet Free Report) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million during the quarter, compared to analyst estimates of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. Donaldson’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, research analysts forecast that Donaldson Company, Inc. will post 3.3 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, June 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.46%. This is a boost from Donaldson’s previous quarterly dividend of $0.25. Donaldson’s dividend payout ratio (DPR) is 30.96%.

About Donaldson

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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