38,400 Shares in Donaldson Company, Inc. (NYSE:DCI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 38,400 shares of the industrial products company’s stock, valued at approximately $2,586,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DCI. Pathstone Holdings LLC boosted its position in shares of Donaldson by 8.5% during the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 1,534 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Donaldson by 305.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,552 shares of the industrial products company’s stock valued at $1,588,000 after buying an additional 16,237 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Donaldson by 197.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,376 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Donaldson by 116.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 16,380 shares of the industrial products company’s stock worth $1,207,000 after acquiring an additional 8,817 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Donaldson by 108.5% during the 3rd quarter. Bank of Montreal Can now owns 74,228 shares of the industrial products company’s stock valued at $5,480,000 after acquiring an additional 38,626 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DCI. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” 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 note on Tuesday, March 4th. One 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. According to MarketBeat, Donaldson presently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Trading Up 0.6 %

NYSE:DCI opened at $68.70 on Thursday. The company’s 50 day moving average price is $69.58 and its 200-day moving average price is $71.62. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.82 and a beta of 1.04.

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

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.57%. Donaldson’s payout ratio is 31.58%.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by insiders.

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.