Heartland Advisors Inc. Has $13.44 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Heartland Advisors Inc. boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,476 shares of the industrial products company’s stock after acquiring an additional 17,680 shares during the quarter. Heartland Advisors Inc. owned 0.17% of Donaldson worth $13,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DCI. Pathstone Holdings LLC raised its holdings in shares of Donaldson by 8.5% in the 3rd quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock worth $1,447,000 after buying an additional 1,534 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Donaldson by 197.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,073 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 1,376 shares in the last quarter. Bank of Montreal Can lifted its holdings in Donaldson by 108.5% during the 3rd quarter. Bank of Montreal Can now owns 74,228 shares of the industrial products company’s stock valued at $5,480,000 after purchasing an additional 38,626 shares during the last quarter. Quantbot Technologies LP boosted its position in Donaldson by 516.3% in the third quarter. Quantbot Technologies LP now owns 22,502 shares of the industrial products company’s stock valued at $1,658,000 after buying an additional 18,851 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Donaldson by 263.4% during the third quarter. BNP Paribas Financial Markets now owns 52,637 shares of the industrial products company’s stock worth $3,879,000 after buying an additional 38,152 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the company’s 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 sale, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,000 shares of company stock valued at $4,951,425. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

DCI has been the topic of a number of research reports. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company 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 and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

NYSE DCI opened at $68.82 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The business has a 50 day simple moving average of $69.55 and a 200 day simple moving average of $71.60. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings data 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). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued 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 presently 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.