3,615 Shares in Donaldson Company, Inc. (NYSE:DCI) Purchased by Aigen Investment Management LP

Posted by Hanz Christensen on May 26th, 2023

Aigen Investment Management LP purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,615 shares of the industrial products company’s stock, valued at approximately $213,000.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in Donaldson during the 3rd quarter worth approximately $27,000. Belpointe Asset Management LLC acquired a new stake in shares of Donaldson in the fourth quarter valued at $32,000. Fred Alger Management LLC purchased a new position in Donaldson in the third quarter valued at $35,000. Ronald Blue Trust Inc. boosted its stake in shares of Donaldson by 217.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 797 shares of the industrial products company’s stock valued at $39,000 after buying an additional 546 shares during the period. Finally, Affiance Financial LLC acquired a new position in Donaldson during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 80.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Owens sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $66.08, for a total value of $713,664.00. Following the transaction, the director now owns 14,378 shares of the company’s stock, valued at $950,098.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Christopher M. Hilger bought 3,186 shares of Donaldson stock in a transaction dated Tuesday, April 11th. The stock was bought at an average price of $62.76 per share, for a total transaction of $199,953.36. Following the purchase, the director now owns 7,872 shares of the company’s stock, valued at $494,046.72. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Owens sold 10,800 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $66.08, for a total transaction of $713,664.00. Following the transaction, the director now owns 14,378 shares in the company, valued at $950,098.24. The disclosure for this sale can be found here. 2.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Donaldson from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Robert W. Baird upped their target price on shares of Donaldson from $66.00 to $69.00 in a report on Friday, March 3rd. Finally, StockNews.com started coverage on shares of Donaldson in a research report on Thursday, May 18th. They issued a “strong-buy” rating on the stock.

Donaldson Trading Up 0.9 %

DCI opened at $63.37 on Friday. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. Donaldson Company, Inc. has a 52 week low of $46.00 and a 52 week high of $66.96. The business’s 50 day moving average is $63.50 and its two-hundred day moving average is $62.11. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.52.

Donaldson (NYSE:DCI – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Donaldson had a net margin of 10.45% and a return on equity of 32.35%. The firm had revenue of $828.30 million during the quarter, compared to the consensus estimate of $838.29 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Donaldson’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts predict that Donaldson Company, Inc. will post 3.05 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This is an increase from Donaldson’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.94%.

Donaldson Company Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.