SFE Investment Counsel Has $5.36 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,559 shares of the industrial products company’s stock after selling 3,686 shares during the quarter. SFE Investment Counsel owned about 0.07% of Donaldson worth $5,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. Franklin Resources Inc. increased its stake in Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after purchasing an additional 118,156 shares in the last quarter. Scharf Investments LLC bought a new position in shares of Donaldson in the 4th quarter valued at $61,697,000. Mcdaniel Terry & Co. raised its holdings in shares of Donaldson by 0.8% during the 3rd quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company’s stock worth $37,833,000 after buying an additional 4,092 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after buying an additional 23,758 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

NYSE:DCI opened at $69.85 on Thursday. The stock’s 50-day moving average is $69.84 and its 200-day moving average is $72.42. Donaldson Company, Inc. has a 1-year low of $65.60 and a 1-year high of $78.95. 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 stock has a market cap of $8.34 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s dividend payout ratio is currently 31.40%.

Analyst Ratings Changes

Several brokerages have commented on DCI. Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 8th. 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 report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.00.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the 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 sale, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.