Caisse DE Depot ET Placement DU Quebec Invests $2.96 Million in Donaldson Company, Inc. (NYSE:DCI)

Caisse DE Depot ET Placement DU Quebec bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 40,162 shares of the industrial products company's stock, valued at approximately $2,960,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Mather Group LLC. increased its stake in shares of Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after acquiring an additional 404 shares during the period. Versant Capital Management Inc raised its holdings in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock worth $38,000 after purchasing an additional 494 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson in the third quarter valued at $41,000. Finally, V Square Quantitative Management LLC boosted its holdings in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Price Performance

DCI traded down $5.46 during trading on Tuesday, hitting $72.61. The company's stock had a trading volume of 1,962,016 shares, compared to its average volume of 497,161. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.05 and a beta of 1.04. Donaldson Company, Inc. has a twelve month low of $60.78 and a twelve month high of $78.95. The business's fifty day simple moving average is $75.13 and its 200 day simple moving average is $73.44. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analysts' expectations of $888.88 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, December 9th. Donaldson's payout ratio is 31.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DCI shares. Stifel Nicolaus decreased their price objective on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.67.

Insiders Place Their Bets

In related news, Director James Owens sold 5,210 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. This represents a 22.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company's stock, valued at approximately $2,791,456.08. The trade was a 68.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.70% of the company's stock.

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.