10,000 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Jade Capital Advisors LLC

Jade Capital Advisors LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the industrial products company’s stock, valued at approximately $737,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado purchased a new position in Donaldson during the first quarter valued at $660,000. New York State Teachers Retirement System increased its holdings in shares of Donaldson by 2.6% in the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock worth $10,575,000 after purchasing an additional 3,792 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock worth $8,245,000 after purchasing an additional 19,670 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Donaldson by 254.5% in the first quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after buying an additional 16,071 shares in the last quarter. Finally, Norden Group LLC bought a new position in Donaldson during the first quarter valued at approximately $933,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,791,456.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus reduced their price objective on 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 upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Finally, Raymond James initiated coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.67.

Donaldson Price Performance

NYSE:DCI opened at $75.14 on Tuesday. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The business has a 50 day simple moving average of $72.63 and a 200-day simple moving average of $72.89. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Equities analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

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.