Riverwater Partners LLC Has $304,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

Riverwater Partners LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 20.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,514 shares of the industrial products company’s stock after acquiring an additional 761 shares during the quarter. Riverwater Partners LLC’s holdings in Donaldson were worth $304,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Donaldson in the third quarter worth $1,630,000. Point72 Asset Management L.P. purchased a new position in Donaldson during the 3rd quarter valued at about $612,000. Quantinno Capital Management LP increased its holdings in shares of Donaldson by 5.2% in the 3rd quarter. Quantinno Capital Management LP now owns 31,518 shares of the industrial products company’s stock valued at $2,323,000 after purchasing an additional 1,562 shares during the period. Stifel Financial Corp lifted its position in shares of Donaldson by 0.9% in the third quarter. Stifel Financial Corp now owns 152,663 shares of the industrial products company’s stock worth $11,251,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of Donaldson during the third quarter worth approximately $1,621,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Donaldson Stock Down 4.5 %

Shares of Donaldson stock opened at $60.83 on Friday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.82 and a beta of 1.01. The stock has a 50-day simple moving average of $68.85 and a 200-day simple moving average of $71.40. Donaldson Company, Inc. has a 52-week low of $59.95 and a 52-week high of $78.95. 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 (NYSE:DCI) last posted its earnings results 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 net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. On average, equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.