JPMorgan Chase & Co. Buys 23,758 Shares of Donaldson Company, Inc. (NYSE:DCI)

JPMorgan Chase & Co. lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,538 shares of the industrial products company’s stock after acquiring an additional 23,758 shares during the period. JPMorgan Chase & Co. owned approximately 0.37% of Donaldson worth $32,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 273 shares during the period. Capital Performance Advisors LLP acquired a new stake in Donaldson in the 3rd quarter valued at approximately $41,000. V Square Quantitative Management LLC lifted its stake in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Donaldson by 221.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 696 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This represents a 8.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Donaldson Trading Down 1.0 %

DCI stock opened at $67.56 on Tuesday. Donaldson Company, Inc. has a one year low of $61.79 and a one year high of $78.95. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. The company has a fifty day moving average price of $73.16 and a two-hundred day moving average price of $72.81. 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 announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. Donaldson’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Donaldson’s payout ratio is 31.40%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DCI shares. Robert W. Baird increased their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a 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 Saturday, September 28th. Finally, Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.