Avidian Wealth Solutions LLC Invests $209,000 in Donaldson Company, Inc. (NYSE:DCI)

Avidian Wealth Solutions LLC bought a new position in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,200 shares of the industrial products company’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new position in shares of Donaldson during the fourth quarter worth approximately $27,000. Millburn Ridgefield Corp bought a new stake in shares of Donaldson during the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Donaldson in the third quarter worth about $27,000. Lindbrook Capital LLC grew its position 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. Finally, Blue Trust Inc. raised its position in shares of Donaldson by 65.5% during the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after buying an additional 298 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Morgan Stanley initiated coverage on Donaldson in a report on Monday, January 8th. They issued an “underweight” rating and a $59.00 price objective for the company. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.50.

Insiders Place Their Bets

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 directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the sale, the president now owns 34,334 shares of the company’s stock, valued at approximately $2,440,804.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willard D. Oberton sold 4,500 shares of the company’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 transaction, the director now owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock valued at $5,817,942 over the last three months. 2.58% of the stock is currently owned by insiders.

Donaldson Price Performance

DCI stock opened at $75.27 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.06 billion, a PE ratio of 24.52, a P/E/G ratio of 2.14 and a beta of 1.09. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.44. The firm has a 50-day moving average of $73.09 and a two-hundred day moving average of $66.51.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The business had revenue of $876.70 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same period in the previous year, the company posted $0.75 EPS. Donaldson’s revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that Donaldson Company, Inc. will post 3.28 earnings per share for the current year.

About Donaldson

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.