Farringdon Capital Ltd. Purchases Shares of 4,726 Donaldson Company, Inc. (NYSE:DCI)

Farringdon Capital Ltd. acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,726 shares of the industrial products company’s stock, valued at approximately $318,000.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DCI. Stifel Nicolaus dropped their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $71.33.

Insider Buying and Selling

In other news, Director James Owens sold 18,700 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Up 0.5 %

NYSE:DCI opened at $62.76 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $66.83 and its 200 day moving average price is $70.52.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.72%. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Donaldson 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.