Sendero Wealth Management LLC Increases Stake in Donaldson Company, Inc. (NYSE:DCI)

Sendero Wealth Management LLC increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,746 shares of the industrial products company’s stock after buying an additional 1,860 shares during the period. Sendero Wealth Management LLC’s holdings in Donaldson were worth $724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after purchasing an additional 73,234 shares during the period. Geode Capital Management LLC lifted its position in Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after buying an additional 118,156 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Donaldson by 1.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock valued at $134,832,000 after buying an additional 32,964 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Donaldson by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after buying an additional 153,342 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Donaldson by 18.5% in the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after acquiring an additional 117,874 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Donaldson has an average rating of “Hold” and an average price target of $74.00.

Donaldson Stock Up 1.3 %

NYSE:DCI opened at $69.13 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market cap of $8.26 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.89 and a beta of 1.06. Donaldson Company, Inc. has a fifty-two week low of $62.77 and a fifty-two week high of $78.95. The firm has a 50-day simple moving average of $72.35 and a two-hundred day simple moving average of $72.62.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is presently 31.40%.

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.