KLP Kapitalforvaltning AS Makes New $2.59 Million Investment in Donaldson Company, Inc. (NYSE:DCI)

KLP Kapitalforvaltning AS acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,400 shares of the industrial products company’s stock, valued at approximately $2,586,000.

Other institutional investors also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Donaldson in the 4th quarter worth approximately $91,000. Teacher Retirement System of Texas lifted its holdings in shares of Donaldson by 11.9% during the 4th quarter. Teacher Retirement System of Texas now owns 176,444 shares of the industrial products company’s stock worth $11,884,000 after acquiring an additional 18,764 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Donaldson by 5.3% during the 4th quarter. Xponance Inc. now owns 13,671 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 690 shares during the last quarter. Intech Investment Management LLC grew its position in Donaldson by 157.4% in the fourth quarter. Intech Investment Management LLC now owns 9,381 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 5,736 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in Donaldson in the fourth quarter valued at $415,000. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the business’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 transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $4,951,425 in the last quarter. Insiders own 2.70% of the company’s stock.

Donaldson Stock Up 0.6 %

DCI opened at $68.70 on Thursday. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $69.58 and its 200-day moving average price is $71.62. The company has a market cap of $8.21 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.82 and a beta of 1.04.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.57%. Donaldson’s payout ratio is currently 31.58%.

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.