FORA Capital LLC Makes New $460,000 Investment in Donaldson Company, Inc. (NYSE:DCI)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of DCI. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Donaldson by 1.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock valued at $134,832,000 after acquiring an additional 32,964 shares during the last quarter. American Century Companies Inc. increased its position in shares of Donaldson by 4.7% during the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $93,770,000 after purchasing an additional 153,342 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Donaldson by 0.7% in 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 last quarter. Finally, AQR Capital Management LLC grew its position in Donaldson by 18.5% during the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock valued at $53,964,000 after buying an additional 117,874 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DCI shares. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus dropped 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.67.

Donaldson Price Performance

NYSE DCI opened at $77.64 on Friday. The company has a market cap of $9.30 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $74.82 and its two-hundred day simple moving average is $73.38. Donaldson Company, Inc. has a 52 week low of $58.75 and a 52 week high of $78.95.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is presently 31.95%.

Insider Activity at Donaldson

In other news, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now owns 27,983 shares of the company’s stock, valued at approximately $2,053,112.71. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the sale, the chief financial officer now directly 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 three months, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is owned by company insiders.

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.