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

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

Several other large investors have also made changes to their positions in DCI. Vanguard Group Inc. boosted its position in Donaldson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after buying an additional 33,139 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after acquiring an additional 73,234 shares in the last quarter. Geode Capital Management LLC grew its position in Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock worth $180,522,000 after acquiring an additional 118,156 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Donaldson by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock valued at $85,351,000 after purchasing an additional 92,624 shares in the last quarter. Finally, Norges Bank bought a new position in Donaldson in the 4th quarter valued at $65,828,000. Institutional investors own 82.81% of the company's stock.

Insider Buying and Selling

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction on 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 completion of the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Donaldson Price Performance

Shares of Donaldson stock traded down $2.90 during midday trading on Friday, reaching $60.83. The company had a trading volume of 1,020,888 shares, compared to its average volume of 559,269. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $68.85 and a 200 day simple moving average of $71.40. Donaldson Company, Inc. has a 1-year low of $59.95 and a 1-year high of $78.95. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 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 analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio is 31.58%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of "Hold" and an average price target of $74.00.

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.