24,624 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 4th quarter, Holdings Channel reports. The firm acquired 24,624 shares of the industrial products company’s stock, valued at approximately $1,658,000.

Other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson during the 3rd quarter valued at about $41,000. Venturi Wealth Management LLC increased its stake in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares during the last quarter. GAMMA Investing LLC raised its position in Donaldson by 28.7% during 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 period. Kentucky Trust Co purchased a new stake in Donaldson during the fourth quarter valued at approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Donaldson Price Performance

Shares of DCI stock opened at $68.82 on Monday. The stock has a 50 day moving average price of $69.36 and a 200 day moving average price of $72.23. Donaldson Company, Inc. has a 52-week low of $65.99 and a 52-week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market capitalization of $8.22 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.82 and a beta of 1.06.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same period in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, February 13th. Donaldson’s payout ratio is 31.40%.

Wall Street Analyst Weigh In

DCI has been the topic of several analyst reports. Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given 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 currently has an average rating of “Hold” and a consensus 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.