GHP Investment Advisors Inc. Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

GHP Investment Advisors Inc. raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 47,055 shares of the industrial products company’s stock after buying an additional 2,506 shares during the period. GHP Investment Advisors Inc.’s holdings in Donaldson were worth $3,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DCI. Franklin Resources Inc. raised its position in Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after acquiring an additional 73,234 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the period. Scharf Investments LLC purchased a new position in shares of Donaldson during the 4th quarter valued at approximately $61,697,000. Mcdaniel Terry & Co. boosted its holdings in Donaldson by 0.8% during the third quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company’s stock worth $37,833,000 after buying an additional 4,092 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC grew its position in Donaldson by 2.1% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 478,487 shares of the industrial products company’s stock valued at $35,264,000 after buying an additional 9,827 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Up 0.8 %

Shares of NYSE DCI opened at $70.72 on Friday. Donaldson Company, Inc. has a 52-week low of $65.60 and a 52-week high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $70.26 and its 200-day simple moving average is $72.51. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The company 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.53%. Donaldson’s payout ratio is currently 31.40%.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Donaldson presently has an average rating of “Hold” and an average price target of $74.00.

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.