Private Advisor Group LLC Acquires 12,644 Shares of Donaldson Company, Inc. (NYSE:DCI)

Private Advisor Group LLC boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,521 shares of the industrial products company’s stock after buying an additional 12,644 shares during the quarter. Private Advisor Group LLC’s holdings in Donaldson were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Donaldson during the 3rd quarter worth $41,000. Venturi Wealth Management LLC raised its holdings in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC lifted its position in Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. Kentucky Trust Co bought a new stake in Donaldson during the fourth quarter valued at about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Donaldson by 38.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock worth $152,000 after buying an additional 571 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

NYSE DCI opened at $68.55 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $66.01 and a twelve month high of $78.95. The business has a 50-day moving average price of $69.29 and a 200-day moving average price of $72.21. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.40%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DCI. Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Morgan Stanley upped their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.00.

Donaldson Company 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.