Donaldson Company, Inc. $DCI Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 961,860 shares of the industrial products company’s stock after buying an additional 11,381 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.83% of Donaldson worth $67,975,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Donaldson in the first quarter worth approximately $29,000. Brooklyn Investment Group grew its position in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock worth $40,000 after buying an additional 320 shares during the last quarter. Steph & Co. acquired a new position in Donaldson in the second quarter worth approximately $46,000. CX Institutional acquired a new position in Donaldson in the first quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC grew its position in Donaldson by 34.3% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock worth $54,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Up 1.5%

Shares of NYSE:DCI opened at $81.08 on Tuesday. The firm has a fifty day moving average of $78.76 and a two-hundred day moving average of $71.85. The firm has a market capitalization of $9.39 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $83.43. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $802.50 million during the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. Donaldson’s dividend payout ratio (DPR) is 39.34%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the completion of the sale, the director owned 29,330 shares of the company’s stock, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. The trade was a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,900 shares of company stock valued at $5,129,264 in the last quarter. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

DCI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Donaldson in a research report on Saturday, September 27th. Robert W. Baird lifted their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Stifel Nicolaus lifted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Finally, Morgan Stanley lifted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $80.33.

Donaldson Company Profile

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.