Picton Mahoney Asset Management Has $508,000 Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Picton Mahoney Asset Management increased its position in Donaldson Company, Inc. (NYSE:DCI) by 55.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,552 shares of the industrial products company’s stock after buying an additional 2,685 shares during the quarter. Picton Mahoney Asset Management’s holdings in Donaldson were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc lifted its holdings in Donaldson by 7.1% during the 3rd quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company’s stock worth $685,000 after buying an additional 620 shares during the period. ING Groep NV acquired a new position in shares of Donaldson in the third quarter worth approximately $1,142,000. Claro Advisors LLC boosted its holdings in Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 203 shares during the last quarter. Quest Partners LLC increased its position in Donaldson by 33.6% during the 3rd quarter. Quest Partners LLC now owns 39,668 shares of the industrial products company’s stock valued at $2,924,000 after purchasing an additional 9,972 shares during the period. Finally, Pathstone Holdings LLC increased its position in Donaldson by 8.5% during the 3rd quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 1,534 shares during the period. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DCI shares. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley lifted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Stock Up 2.2 %

Shares of NYSE DCI opened at $68.51 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.19 billion, a PE ratio of 19.91, a P/E/G ratio of 1.82 and a beta of 1.04. The company’s fifty day simple moving average is $69.48 and its 200 day simple moving average is $71.78. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last released 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). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 29,500 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

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.