NEOS Investment Management LLC Invests $324,000 in Donaldson Company, Inc. (NYSE:DCI)

NEOS Investment Management LLC bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,818 shares of the industrial products company's stock, valued at approximately $324,000.

Other large investors have also bought and sold shares of the company. Scharf Investments LLC acquired a new stake in shares of Donaldson in the 4th quarter valued at $61,697,000. Dudley & Shanley Inc. lifted its stake in Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock valued at $18,100,000 after buying an additional 263,600 shares during the period. Swedbank AB acquired a new position in Donaldson during the fourth quarter valued at approximately $17,471,000. Raymond James Financial Inc. acquired a new stake in shares of Donaldson during the fourth quarter worth about $13,865,000. Finally, Geode Capital Management LLC raised its holdings in shares of Donaldson by 5.1% during the third 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 period. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

Shares of NYSE DCI traded up $0.95 during trading hours on Wednesday, hitting $68.40. 455,182 shares of the stock were exchanged, compared to its average volume of 555,069. The company's fifty day simple moving average is $69.24 and its two-hundred day simple moving average is $71.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The company has a market cap of $8.18 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

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Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson's payout ratio is 31.58%.

Analysts Set New Price Targets

DCI has been the subject of several analyst reports. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Morgan Stanley raised their price target on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, Robert W. Baird boosted their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $74.00.

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm's 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 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 can be accessed through the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction that occurred 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 transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. The trade was 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 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Donaldson Company 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.