Ieq Capital LLC Purchases New Holdings in Donaldson Company, Inc. (NYSE:DCI)

Ieq Capital LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,624 shares of the industrial products company’s stock, valued at approximately $1,658,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DCI. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson in the 3rd quarter worth approximately $41,000. Venturi Wealth Management LLC grew its stake in shares of Donaldson by 89.6% in 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 last quarter. GAMMA Investing LLC grew its stake in shares of 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 during the last quarter. Kentucky Trust Co bought a new position in shares of Donaldson during the fourth quarter valued at $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.

Donaldson Trading Down 0.8 %

Shares of DCI stock opened at $68.82 on Monday. The stock has a market capitalization of $8.22 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.82 and a beta of 1.06. 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 firm’s 50 day moving average is $69.36 and its 200 day moving average is $72.23. Donaldson Company, Inc. has a 12-month low of $65.99 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. Research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s payout ratio is 31.40%.

Analyst Ratings Changes

Several analysts recently commented on DCI shares. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday. Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

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.