Dimensional Fund Advisors LP Increases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Dimensional Fund Advisors LP grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,310,372 shares of the industrial products company’s stock after acquiring an additional 153,342 shares during the quarter. Dimensional Fund Advisors LP owned about 1.09% of Donaldson worth $93,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. TD Asset Management Inc raised its holdings in shares of Donaldson by 215.2% in the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after buying an additional 1,060,232 shares during the last quarter. Norges Bank purchased a new stake in Donaldson during the 4th quarter valued at about $57,923,000. Epoch Investment Partners Inc. increased its holdings in shares of Donaldson by 91.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock valued at $74,610,000 after purchasing an additional 544,008 shares during the period. Eagle Ridge Investment Management purchased a new position in shares of Donaldson in the first quarter worth about $25,351,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Donaldson during the first quarter worth about $25,018,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

DCI opened at $73.47 on Wednesday. The firm’s fifty day simple moving average is $72.43 and its two-hundred day simple moving average is $72.90. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.84 and a beta of 1.05. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Equities analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of recent research reports. Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Finally, Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.67.

Insider Activity at Donaldson

In other news, insider Amy C. Becker sold 14,500 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the sale, the insider now owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the transaction, the insider now directly owns 41,368 shares in the company, valued at approximately $3,015,313.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,310 shares of company stock valued at $8,092,999. 2.58% of the stock is owned by insiders.

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.