Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 38.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574,146 shares of the industrial products company’s stock after purchasing an additional 158,487 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.48% of Donaldson worth $38,669,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on DCI. Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” 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, Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

Shares of DCI opened at $68.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market cap of $8.18 billion, a P/E ratio of 19.88, a PEG ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The stock has a fifty day moving average price of $69.24 and a 200 day moving average price of $71.53.

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

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 1.58%. Donaldson’s dividend payout ratio is presently 31.58%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The shares were 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 $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.