FORA Capital LLC Takes $460,000 Position in Donaldson Company, Inc. (NYSE:DCI)

FORA Capital LLC purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,248 shares of the industrial products company’s stock, valued at approximately $460,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DCI. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Donaldson by 1.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after acquiring an additional 32,964 shares during the last quarter. American Century Companies Inc. increased its holdings in Donaldson by 4.7% in the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after purchasing an additional 75,733 shares during the period. Dimensional Fund Advisors LP raised its position in Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Donaldson by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock worth $91,964,000 after buying an additional 9,143 shares during the period. Finally, AQR Capital Management LLC increased its position in Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after purchasing an additional 117,874 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

DCI has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.67.

Donaldson Stock Down 0.5 %

Donaldson stock opened at $77.64 on Friday. The company has a market capitalization of $9.30 billion, a PE ratio of 22.97, a PEG ratio of 2.06 and a beta of 1.04. Donaldson Company, Inc. has a 12-month low of $58.75 and a 12-month high of $78.95. The firm’s fifty day moving average is $74.82 and its 200 day moving average is $73.38. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is currently 31.95%.

Insiders Place Their Bets

In related news, insider Amy C. Becker sold 14,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the transaction, the insider now owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. This trade represents a 25.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. This represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.70% of the company’s stock.

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.