Smartleaf Asset Management LLC Boosts Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Smartleaf Asset Management LLC grew its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 597 shares of the industrial products company’s stock after purchasing an additional 180 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Donaldson were worth $40,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc boosted its position in Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,334 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in Donaldson during the 4th quarter valued at about $943,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 23,758 shares during the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. Finally, Radnor Capital Management LLC lifted its position in Donaldson by 21.4% in the fourth quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company’s stock valued at $4,702,000 after purchasing an additional 12,315 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson 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 transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Donaldson Price Performance

Shares of NYSE DCI opened at $69.29 on Wednesday. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year high of $78.95. The stock has a market capitalization of $8.28 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.82 and a beta of 1.04. The company’s 50-day moving average is $69.47 and its 200 day moving average is $71.91. 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 for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 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 1.56%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DCI shares. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird raised 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.