SFE Investment Counsel Has $5.52 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,416 shares of the industrial products company’s stock after buying an additional 261 shares during the period. Donaldson comprises about 1.4% of SFE Investment Counsel’s holdings, making the stock its 23rd largest position. SFE Investment Counsel owned approximately 0.07% of Donaldson worth $5,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC grew its position in Donaldson by 47.9% during the third quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock worth $5,973,000 after buying an additional 32,431 shares in the last quarter. Ballentine Partners LLC grew its position in Donaldson by 60.6% during the third quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company’s stock worth $426,000 after buying an additional 2,694 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Donaldson during the third quarter worth about $38,000. Boston Trust Walden Corp grew its position in Donaldson by 1.5% during the fourth quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after buying an additional 42,365 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Donaldson by 49.6% during the third quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after buying an additional 27,633 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DCI shares. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Morgan Stanley started coverage on Donaldson in a report on Monday, January 8th. They issued an “underweight” rating and a $59.00 price objective for the company. Finally, Robert W. Baird upped their price objective on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Donaldson currently has an average rating of “Hold” and an average target price of $67.50.

Donaldson Trading Down 0.4 %

DCI stock traded down $0.27 during trading on Thursday, hitting $71.69. 192,147 shares of the company traded hands, compared to its average volume of 439,746. The company has a 50-day moving average of $71.51 and a 200-day moving average of $65.33. The firm has a market capitalization of $8.63 billion, a PE ratio of 23.52, a P/E/G ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.44.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $876.70 million during the quarter, compared to analyst estimates of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. Donaldson’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. Analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 9th. Donaldson’s payout ratio is currently 32.57%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 3,027 shares of Donaldson stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the sale, the president now owns 34,334 shares of the company’s stock, valued at $2,509,472.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Thomas R. Scalf sold 3,027 shares of Donaldson stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the sale, the president now owns 34,334 shares of the company’s stock, valued at $2,509,472.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 7,680 shares of Donaldson stock in a transaction on Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the transaction, the president now owns 34,334 shares in the company, valued at $2,440,804.06. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock valued at $5,817,942 over the last 90 days. Company insiders own 2.58% of the company’s stock.

About Donaldson

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.