Palisade Asset Management LLC Acquires 9,198 Shares of Donaldson Company, Inc. (DCI)

Palisade Asset Management LLC raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,108 shares of the industrial products company’s stock after buying an additional 9,198 shares during the period. Palisade Asset Management LLC owned about 0.08% of Donaldson worth $4,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in shares of Donaldson during the 4th quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in Donaldson in the 4th quarter valued at approximately $27,000. CX Institutional purchased a new stake in Donaldson in the 1st quarter valued at approximately $32,000. Penserra Capital Management LLC purchased a new stake in Donaldson in the 4th quarter valued at approximately $34,000. Finally, Enlightenment Research LLC purchased a new stake in Donaldson in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Shares of DCI opened at $52.76 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.61. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.44. Donaldson Company, Inc. has a fifty-two week low of $40.27 and a fifty-two week high of $59.43.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.04). The business had revenue of $703.70 million during the quarter, compared to analyst estimates of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, analysts forecast that Donaldson Company, Inc. will post 2.33 EPS for the current year.

Separately, Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $55.25.

In other news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total transaction of $707,040.00. Following the completion of the sale, the director now directly owns 33,172 shares in the company, valued at approximately $1,628,745.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Tod E. Carpenter sold 4,000 shares of the stock in a transaction on Friday, March 29th. The shares were sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the sale, the chairman now owns 102,037 shares of the company’s stock, valued at $5,103,890.74. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

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Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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