New Age Alpha Advisors LLC Makes New $1.22 Million Investment in Donaldson Company, Inc. (NYSE:DCI)

New Age Alpha Advisors LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,048 shares of the industrial products company's stock, valued at approximately $1,216,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Donaldson during the fourth quarter valued at about $65,828,000. Scharf Investments LLC purchased a new position in shares of Donaldson during the 4th quarter worth approximately $61,697,000. Dudley & Shanley Inc. raised its position in shares of Donaldson by 5,118.4% in the 4th quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock worth $18,100,000 after acquiring an additional 263,600 shares in the last quarter. Swedbank AB purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $17,471,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Donaldson during the fourth quarter valued at approximately $13,865,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,000 shares of company stock worth $4,951,425 over the last three months. 2.70% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on DCI shares. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Robert W. Baird lifted their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and a consensus price target of $74.00.

Donaldson Stock Up 1.4 %

Shares of NYSE:DCI traded up $0.95 on Wednesday, hitting $68.40. 455,182 shares of the company traded hands, compared to its average volume of 554,673. The company has a market cap of $8.18 billion, a PE ratio of 19.88, a PEG ratio of 1.82 and a beta of 1.04. The stock has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $71.55. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, February 13th. 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.