Pathstone Holdings LLC Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Pathstone Holdings LLC increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,634 shares of the industrial products company’s stock after purchasing an additional 1,534 shares during the quarter. Pathstone Holdings LLC’s holdings in Donaldson were worth $1,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DCI. UMB Bank n.a. increased its position in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the last quarter. Versant Capital Management Inc increased its holdings in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares during the last quarter. Mather Group LLC. raised its position in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares during the period. Capital Performance Advisors LLP acquired a new position in Donaldson during the third quarter worth $41,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.5 %

DCI opened at $77.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.06 and a beta of 1.04. The business has a fifty day moving average price of $74.82 and a 200 day moving average price of $73.38. Donaldson Company, Inc. has a 12 month low of $58.75 and a 12 month high of $78.95.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Sell-side analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Donaldson’s payout ratio is 31.95%.

Insider Activity

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 8.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. The trade was a 68.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.67.

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.