Geode Capital Management LLC Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Geode Capital Management LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,448,879 shares of the industrial products company’s stock after buying an additional 118,156 shares during the quarter. Geode Capital Management LLC owned approximately 2.04% of Donaldson worth $180,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DCI. UMB Bank n.a. lifted its position in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after buying an additional 273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Donaldson during the 3rd quarter worth $41,000. V Square Quantitative Management LLC boosted its stake in 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 acquiring an additional 207 shares in the last quarter. GAMMA Investing LLC boosted its stake in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 301 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Donaldson by 221.0% during the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 696 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Trading Down 0.7 %

NYSE:DCI opened at $72.14 on Monday. Donaldson Company, Inc. has a 12-month low of $61.79 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. The stock’s 50 day simple moving average is $75.00 and its 200-day simple moving average is $73.36. The firm has a market cap of $8.62 billion, a P/E ratio of 20.97, a PEG ratio of 1.90 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million during 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.50%. Donaldson’s payout ratio is currently 31.40%.

Insiders Place Their Bets

In other news, Director James Owens sold 5,210 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. This represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,805 shares of company stock worth $12,310,222. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird upped their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus reduced their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Donaldson has an average rating of “Hold” and a consensus price target of $74.00.

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.