CWS Financial Advisors LLC Acquires Shares of Donaldson Company, Inc. (NYSE:DCI)

Financial Advisors


CWS Financial Advisors LLC purchased new shares in Donaldson Company, Inc. (NYSE: DCI – Get Rating) during the fourth quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). . The institutional investor purchased 3,572 shares of an industrial products company worth about $208,000.

Several other hedge funds have also changed their DCI holdings. EverSource Wealth Advisors LLC purchased new shares in Donaldson for a value of approximately $27,000 during the third quarter. Belpointe Asset Management LLC purchased a new position in Donaldson’s stock for his $32,000 equivalent during the fourth quarter. Fred Alger Management LLC purchased a new position in Donaldson stock worth $35,000 during the third quarter. Ronald Blue Trust Inc. increased its position in Donaldson shares by 217.5% during the fourth quarter. Ronald Blue Trust Inc. purchased an additional 546 shares in him last quarter and now owns 797 shares of the industrial products company, valued at $39,000. Finally, Affiance Financial LLC purchased a new position in Donaldson’s stock for the equivalent of $41,000 during the fourth quarter. 80.10% of the shares are held by institutional investors.

Wall Street analysts forecast growth

Many equity analysts have been paying close attention to stock prices lately. Robert W. Baird raised his price target on Donaldson stock to $69.00 from $66.00 in a research report on Friday, March 3. Morgan Stanley raised its price target on Donaldson stock to $71.00 from $70.00 and gave the stock an Overweight rating in a research report on Thursday, April 20. Finally, StockNews.com kicked off its coverage of Donaldson shares in a report on Thursday. They set a “strong buy” rating on the stock.

Donaldson shares down 0.5%

DCI shares fell $0.34 to $63.88 in Friday noon trading. The company’s stock traded 64,010 shares with an average volume of 406,828 shares. The company has a debt to equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.46. The Donaldson Company stock price hit a 12-month low of $46.00 and a high of $66.96. The company has a 50-day moving average price of $63.52 and a 200-day moving average price of $61.90. The stock has a market cap of $7.75 billion, a P/E ratio of 22.30 times, a PEG ratio of 2.00 times, and a beta of 1.20 times.

Donaldson (NYSE:DCI – Get Rating) last reported quarterly results on Wednesday, March 8th. The industrial products company reported earnings per share (EPS) of $0.75 for the quarter, beating consensus expectations of $0.69 by $0.06. Donaldson’s net margin was 10.45% and return on equity was 32.35%. The company posted revenue of $828.3 million for the quarter, up from analyst expectations of $838.29 million. His EPS for the same business in the same period last year was $0.57. The company’s revenue increased by 3.2% over the same period last year. Equity research analysts expect the Donaldson Company, Inc. to post EPS of $3.05 this year for the group as a whole.

Insider activity

In other news, director Christopher M. Hilger acquired 3,186 shares of the company in a transaction on Tuesday, April 11th. The shares were purchased at an average price of $62.76 per share for a total value of $199,953.36. Following the transaction, the directors directly owned 7,872 shares of the company, valued at approximately $494,046.72. The acquisition is disclosed in his SEC filings, which can be accessed via this hyperlink. In related news, director James Owens sold 10,800 shares of Donaldson in a transaction on Thursday, March 2nd. The shares were sold at an average price of $66.08 for a total transaction value of $713,664.00. Following the closing of the sale, the directors now own 14,378 shares of the Company’s stock, valued at approximately $950,098.24. The sale was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed at this link. Director Christopher M. Hilger also purchased 3,186 shares of Donaldson stock in a transaction that took place on Tuesday, April 11. Shares were purchased at an average price of $62.76 per share for a total value of $199,953.36. Following the acquisition, the directors directly owned 7,872 shares of the company, valued at approximately $494,046.72. Disclosure information regarding this acquisition can be found here. Insiders own 2.77% of the company’s shares.

About Donaldson

(get rating)

Donaldson Co, Inc manufactures filtration systems and replacement parts. It operates through the segments of engine products and industrial products. The Engine Products segment includes replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lubricating oil and hydraulic applications, and exhaust and exhaust systems.

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Donaldson's Quarterly Institutional Ownership (NYSE:DCI)

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