Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Aristides Capital LLC

Aristides Capital LLC grew its position in Donaldson Company, Inc. (NYSE:DCI) by 43.1% during the 4th quarter, Holdings Channel reports. The fund owned 4,298 shares of the industrial products company’s stock after buying an additional 1,294 shares during the quarter. Aristides Capital LLC’s holdings in Donaldson were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC grew its holdings in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares during the period. GAMMA Investing LLC raised its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 353 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Donaldson by 61.9% during the 4th quarter. National Bank of Canada FI now owns 1,206 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 461 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $60.83 on Monday. Donaldson Company, Inc. has a 12 month low of $59.95 and a 12 month high of $78.95. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The business’s 50 day simple moving average is $68.85 and its 200-day simple moving average is $71.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

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.