3,499 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Intellectus Partners LLC

Intellectus Partners LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,499 shares of the industrial products company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson during the third quarter worth approximately $41,000. Venturi Wealth Management LLC boosted its holdings in Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC increased its stake in 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. Finally, Kentucky Trust Co acquired a new stake in Donaldson during the fourth quarter worth approximately $105,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Donaldson 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 transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Donaldson Stock Performance

Shares of DCI opened at $69.84 on Friday. The company’s 50 day simple moving average is $69.38 and its 200-day simple moving average is $71.99. The firm has a market cap of $8.34 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio is presently 31.58%.

Wall Street Analyst Weigh In

DCI has been the subject of several research analyst reports. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 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, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Donaldson currently has a consensus 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.