Headlands Technologies LLC Acquires 696 Shares of Donaldson Company, Inc. (NYSE:DCI)

Headlands Technologies LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 221.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,011 shares of the industrial products company’s stock after buying an additional 696 shares during the quarter. Headlands Technologies LLC’s holdings in Donaldson were worth $72,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in shares of Donaldson by 10.4% during the 2nd quarter. Wedbush Securities Inc. now owns 8,940 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 844 shares during the last quarter. Quest Partners LLC grew its stake in shares of Donaldson by 32.5% during the second quarter. Quest Partners LLC now owns 29,696 shares of the industrial products company’s stock worth $2,125,000 after buying an additional 7,288 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Donaldson during the second quarter worth $450,000. Los Angeles Capital Management LLC bought a new position in shares of Donaldson in the 2nd quarter valued at $14,288,000. Finally, Savant Capital LLC boosted its holdings in shares of Donaldson by 46.2% during the 2nd quarter. Savant Capital LLC now owns 13,674 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 4,320 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $71.29 on Tuesday. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $72.36 and its two-hundred day simple moving average is $72.91. The stock has a market capitalization of $8.58 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James initiated coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.67.

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.