Oak Family Advisors LLC Acquires 197 Shares of Donaldson Company, Inc. (NYSE:DCI)

Oak Family Advisors LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,742 shares of the industrial products company’s stock after acquiring an additional 197 shares during the quarter. Oak Family Advisors LLC’s holdings in Donaldson were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new position in Donaldson in the first quarter valued at about $660,000. UBS Group AG increased its stake in Donaldson by 83.5% in the fourth quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after purchasing an additional 174,193 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Donaldson by 254.5% during the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after acquiring an additional 16,071 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of Donaldson during the first quarter worth $933,000. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

Shares of NYSE DCI traded down $0.44 during mid-day trading on Thursday, reaching $73.80. 326,665 shares of the company were exchanged, compared to its average volume of 478,412. The company’s 50-day simple moving average is $72.35 and its 200-day simple moving average is $72.29. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.89 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.90 and a beta of 1.05. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The business had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. During the same period last year, the firm earned $0.76 earnings per share. Donaldson’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Donaldson Company, Inc. will post 3.37 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 33.44%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. Robert W. Baird cut their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Donaldson presently has an average rating of “Hold” and an average target price of $67.67.

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.