Natixis Advisors LLC Has $1.70 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Natixis Advisors LLC boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 8.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,732 shares of the industrial products company’s stock after buying an additional 1,787 shares during the period. Natixis Advisors LLC’s holdings in Donaldson were worth $1,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc boosted its stake in shares of Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock valued at $143,434,000 after purchasing an additional 367,705 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Donaldson by 3.5% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after acquiring an additional 61,584 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Donaldson by 19.4% during the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares during the period. Epoch Investment Partners Inc. raised its position in Donaldson by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock worth $99,453,000 after purchasing an additional 190,024 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Donaldson by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after buying an additional 9,143 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DCI. Stifel Nicolaus decreased their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.67.

Donaldson Stock Performance

Shares of DCI stock opened at $70.31 on Wednesday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The firm has a market capitalization of $8.46 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $72.87.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. Donaldson’s dividend payout ratio is presently 33.44%.

Insider Activity at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.58% of the stock is owned by insiders.

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.