iSAM Funds UK Ltd bought a new stake in Donaldson Company, Inc. (NYSE:DCI – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,715 shares of the industrial products company’s stock, valued at approximately $1,450,000.
Several other large investors have also recently bought and sold shares of the stock. True Wealth Design LLC raised its position in shares of Donaldson by 203.7% during the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after buying an additional 218 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Donaldson by 3,680.0% in the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 368 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Donaldson during the second quarter valued at approximately $68,000. CENTRAL TRUST Co increased its stake in shares of Donaldson by 40.3% during the third quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 294 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Donaldson by 200.0% during the third quarter. Hantz Financial Services Inc. now owns 1,251 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.
Donaldson Price Performance
NYSE DCI opened at $85.77 on Friday. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $112.84. The business’s fifty day moving average is $99.89 and its two-hundred day moving average is $90.33. The stock has a market capitalization of $9.93 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29.
Donaldson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a $0.30 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 37.50%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on DCI shares. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Robert W. Baird dropped their price objective on Donaldson from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Stifel Nicolaus upped their price objective on Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a report on Friday, December 5th. Jefferies Financial Group raised their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, UBS Group set a $96.00 target price on Donaldson in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.00.
Get Our Latest Stock Report on DCI
Donaldson Profile
Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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