Fox Run Management L.L.C. Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Fox Run Management L.L.C. boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 56.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,292 shares of the industrial products company’s stock after buying an additional 2,265 shares during the period. Fox Run Management L.L.C.’s holdings in Donaldson were worth $424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Scharf Investments LLC bought a new position in shares of Donaldson during the 4th quarter valued at about $61,697,000. Dudley & Shanley Inc. boosted its stake in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares during the last quarter. Swedbank AB purchased a new position in Donaldson during the 4th quarter valued at approximately $17,471,000. Raymond James Financial Inc. purchased a new position in Donaldson during the 4th quarter valued at approximately $13,865,000. Finally, Geode Capital Management LLC increased its stake in Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after acquiring an additional 118,156 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 0.3 %

DCI stock opened at $68.32 on Wednesday. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $69.59 and its two-hundred day simple moving average is $71.64.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson’s payout ratio is 31.58%.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research reports. Morgan Stanley increased their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Robert W. Baird lifted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average price target of $74.00.

Insider Buying and Selling

In other news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. Insiders own 2.70% of the company’s stock.

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.