Chicago Partners Investment Group LLC Has $299,000 Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Chicago Partners Investment Group LLC grew its position in Donaldson Company, Inc. (NYSE:DCI) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,401 shares of the industrial products company’s stock after purchasing an additional 737 shares during the period. Chicago Partners Investment Group LLC’s holdings in Donaldson were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DCI. Northwestern Mutual Wealth Management Co. raised its holdings in Donaldson by 185.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 825 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Donaldson in the second quarter worth $202,000. Truist Financial Corp raised its holdings in Donaldson by 16.4% in the second quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 804 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Donaldson during the second quarter worth $1,075,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Donaldson by 56.8% during the third quarter. Handelsbanken Fonder AB now owns 33,132 shares of the industrial products company’s stock worth $2,442,000 after acquiring an additional 12,000 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on DCI. Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Stock Performance

Shares of DCI opened at $69.98 on Wednesday. The firm has a 50-day moving average of $70.55 and a 200-day moving average of $72.54. Donaldson Company, Inc. has a one year low of $65.60 and a one year high of $78.95. The company has a market cap of $8.36 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Donaldson’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is 31.40%.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Donaldson 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.