Community Financial Services Group LLC Buys 916 Shares of Donaldson Company, Inc. (NYSE:DCI)

Community Financial Services Group LLC grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,050 shares of the industrial products company’s stock after purchasing an additional 916 shares during the period. Community Financial Services Group LLC’s holdings in Donaldson were worth $946,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Granite Bay Wealth Management LLC purchased a new position in Donaldson during the fourth quarter worth $943,000. JPMorgan Chase & Co. boosted its stake in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after purchasing an additional 23,758 shares during the period. Jensen Investment Management Inc. boosted its stake in shares of Donaldson by 18.1% during the 3rd quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock worth $4,941,000 after purchasing an additional 10,280 shares during the period. GAMMA Investing LLC grew its holdings in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Donaldson by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after purchasing an additional 1,974 shares during the period. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DCI. Robert W. Baird upped their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Morgan Stanley increased their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Stock Performance

Donaldson stock opened at $70.77 on Wednesday. Donaldson Company, Inc. has a fifty-two week low of $65.60 and a fifty-two week high of $78.95. The company has a market capitalization of $8.45 billion, a PE ratio of 20.57, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a 50 day moving average price of $69.91 and a 200-day moving average price of $72.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

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.