Xponance Inc. Increases Position in Donaldson Company, Inc. (NYSE:DCI)

Xponance Inc. raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 13,671 shares of the industrial products company’s stock after purchasing an additional 690 shares during the period. Xponance Inc.’s holdings in Donaldson were worth $921,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DCI. Smartleaf Asset Management LLC raised its holdings in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after buying an additional 180 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of 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 in the last quarter. GAMMA Investing LLC lifted 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 lifted 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, Kentucky Trust Co bought a new position in shares of Donaldson during the 4th quarter valued at $105,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DCI. Robert W. Baird upped their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Trading Up 1.4 %

Shares of NYSE DCI opened at $68.16 on Tuesday. The stock has a market cap of $8.15 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. 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 Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The firm has a 50-day moving average of $69.59 and a 200 day moving average of $71.65.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were 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 of the company’s stock, valued at $1,961,279.48. The trade was a 50.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock worth $4,951,425 in the last ninety days. Insiders own 2.70% of the company’s stock.

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.