259,400 Shares in Donaldson Company, Inc. (NYSE:DCI) Purchased by Swedbank AB

Swedbank AB acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 259,400 shares of the industrial products company’s stock, valued at approximately $17,471,000.

Several other hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after acquiring an additional 73,234 shares during the period. Geode Capital Management LLC raised its stake in Donaldson by 5.1% in the third 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. Mcdaniel Terry & Co. lifted its position in Donaldson by 0.8% during the third quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company’s stock worth $37,833,000 after purchasing an additional 4,092 shares during the period. Mountain Pacific Investment Advisers LLC grew its stake in Donaldson by 2.1% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 478,487 shares of the industrial products company’s stock worth $35,264,000 after buying an additional 9,827 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after buying an additional 23,758 shares during the period. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DCI has been the topic of a number of recent analyst reports. Morgan Stanley lifted 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. Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average target price of $74.00.

Insider Buying and Selling

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Performance

NYSE DCI opened at $71.19 on Friday. The firm’s fifty day moving average price is $70.88 and its two-hundred day moving average price is $72.61. The stock has a market cap of $8.50 billion, a PE ratio of 20.69, a PEG ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a fifty-two week low of $64.35 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.52%. Donaldson’s dividend payout ratio is presently 31.40%.

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.