Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 40.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,020 shares of the industrial products company’s stock after purchasing an additional 9,159 shares during the period. Orion Portfolio Solutions LLC’s holdings in Donaldson were worth $2,157,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC grew its stake in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after buying an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $91,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley increased their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling

In other news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,000 shares of company stock valued at $4,951,425 over the last quarter. Company insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $67.48 on Wednesday. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The firm’s fifty day moving average price is $69.30 and its 200 day moving average price is $71.55.

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

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

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.