Swedbank AB Takes Position in Donaldson Company, Inc. (NYSE:DCI)

Swedbank AB bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 259,400 shares of the industrial products company's stock, valued at approximately $17,471,000. Swedbank AB owned approximately 0.22% of Donaldson at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in Donaldson by 17.3% during the second quarter. Bank of Montreal Can now owns 35,602 shares of the industrial products company's stock valued at $2,570,000 after purchasing an additional 5,251 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Donaldson by 14.9% during the 2nd quarter. Mackenzie Financial Corp now owns 8,972 shares of the industrial products company's stock valued at $642,000 after buying an additional 1,166 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Donaldson by 185.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company's stock worth $91,000 after buying an additional 825 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Donaldson during the second quarter valued at approximately $202,000. Finally, Truist Financial Corp lifted its stake in Donaldson by 16.4% in the second quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company's stock valued at $408,000 after acquiring an additional 804 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $74.00.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the business'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 sale, the director now owns 26,420 shares of the company's stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Shares of NYSE:DCI traded up $0.48 during midday trading on Tuesday, hitting $70.10. The company's stock had a trading volume of 135,887 shares, compared to its average volume of 493,715. Donaldson Company, Inc. has a fifty-two week low of $65.60 and a fifty-two week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.86 and a beta of 1.06. The stock's 50 day simple moving average is $70.71 and its 200 day simple moving average is $72.56.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the previous year, the business posted $0.75 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson's payout ratio is presently 31.40%.

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.