Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Cambridge Trust Co.

Cambridge Trust Co. lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,967 shares of the industrial products company’s stock after buying an additional 510 shares during the period. Cambridge Trust Co. owned approximately 0.08% of Donaldson worth $6,337,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Gotham Asset Management LLC boosted its stake in shares of Donaldson by 47.9% during the third quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock worth $5,973,000 after buying an additional 32,431 shares during the period. Ballentine Partners LLC boosted its stake in shares of Donaldson by 60.6% during the third quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company’s stock worth $426,000 after buying an additional 2,694 shares during the period. Artemis Wealth Advisors LLC acquired a new stake in shares of Donaldson during the third quarter worth about $38,000. Boston Trust Walden Corp boosted its stake in shares of Donaldson by 1.5% during the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after buying an additional 42,365 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Donaldson by 49.6% during the third quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after buying an additional 27,633 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Robert W. Baird raised their price objective on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley initiated coverage on shares of Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.50.

Insiders Place Their Bets

In other Donaldson news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Donaldson news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 7,680 shares of Donaldson stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total transaction of $545,971.20. Following the completion of the sale, the president now directly owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The disclosure for this sale can be found here. In the last three months, insiders sold 79,407 shares of company stock valued at $5,817,942. Company insiders own 2.58% of the company’s stock.

Donaldson Price Performance

Donaldson stock traded down $0.34 during mid-day trading on Thursday, reaching $71.62. The company had a trading volume of 170,641 shares, compared to its average volume of 439,486. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The company has a market capitalization of $8.62 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.10 and a beta of 1.10. The stock’s 50-day simple moving average is $71.51 and its 200-day simple moving average is $65.33.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The business had revenue of $876.70 million during the quarter, compared to analysts’ expectations of $874.34 million. During the same period last year, the company posted $0.75 EPS. The company’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts predict that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. Donaldson’s dividend payout ratio (DPR) is 32.57%.

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.