Oak Thistle LLC Makes New $289,000 Investment in Donaldson Company, Inc. (NYSE:DCI)

Oak Thistle LLC bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,297 shares of the industrial products company's stock, valued at approximately $289,000.

A number of other large investors have also bought and sold shares of DCI. Algert Global LLC grew its position in shares of Donaldson by 1,554.0% in the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company's stock valued at $10,473,000 after purchasing an additional 137,498 shares in the last quarter. Jensen Investment Management Inc. grew its position in shares of Donaldson by 18.1% in the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company's stock valued at $4,941,000 after purchasing an additional 10,280 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after buying an additional 23,758 shares during the period. Granite Bay Wealth Management LLC bought a new stake in Donaldson during the fourth quarter valued at $943,000. Finally, Private Advisor Group LLC boosted its stake in Donaldson by 7.3% during the third quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company's stock valued at $2,128,000 after buying an additional 1,974 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

Shares of NYSE:DCI traded up $0.87 during midday trading on Friday, hitting $71.17. The company had a trading volume of 654,326 shares, compared to its average volume of 507,898. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.74 and a beta of 1.06. Donaldson Company, Inc. has a 12-month low of $62.98 and a 12-month high of $78.95. The company has a fifty day moving average of $71.93 and a two-hundred day moving average of $72.58.

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

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.52%. Donaldson's payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

DCI has been the subject of several research analyst reports. Robert W. Baird lifted their price target on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 13th. Finally, Morgan Stanley boosted their price target on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Donaldson 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 stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% 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.