Kentucky Trust Co Takes Position in Donaldson Company, Inc. (NYSE:DCI)

Kentucky Trust Co purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, Holdings Channel reports. The firm purchased 1,565 shares of the industrial products company’s stock, valued at approximately $105,000.

Several other large investors have also modified their holdings of the business. Claro Advisors LLC grew its position in shares of Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 203 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. Hancock Whitney Corp grew its position in shares of Donaldson by 1.2% in the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its position in shares of Donaldson by 5.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 249 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Robert W. Baird raised their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Donaldson Stock Down 1.2 %

Shares of NYSE DCI opened at $69.85 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market cap of $8.34 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a 1 year low of $65.60 and a 1 year high of $78.95. The firm’s 50 day moving average price is $69.84 and its 200 day moving average price is $72.42.

Donaldson (NYSE:DCI) last posted its quarterly earnings results 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 company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Donaldson’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, sell-side analysts anticipate 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 will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s dividend payout ratio is presently 31.40%.

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.