Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 93.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,373 shares of the industrial products company's stock after purchasing an additional 8,397 shares during the quarter. Dark Forest Capital Management LP's holdings in Donaldson were worth $1,170,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Donaldson in the 4th quarter worth approximately $65,828,000. Scharf Investments LLC purchased a new stake in shares of Donaldson during the fourth quarter worth $61,697,000. Capital Counsel LLC NY grew its stake in Donaldson by 489.2% during the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company's stock worth $44,246,000 after purchasing an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after purchasing an additional 367,383 shares during the period. Finally, Invesco Ltd. raised its position in Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company's stock valued at $101,878,000 after purchasing an additional 299,302 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DCI shares. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. 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 MarketBeat.com, Donaldson has an average rating of "Hold" and a consensus target price of $71.33.

Donaldson Stock Performance

Shares of DCI stock traded up $0.30 during mid-day trading on Tuesday, hitting $65.80. 100,986 shares of the stock were exchanged, compared to its average volume of 569,729. The stock's fifty day simple moving average is $66.23 and its two-hundred day simple moving average is $70.11. 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 12-month low of $57.45 and a 12-month high of $78.95. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is currently 31.58%.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is owned by company 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.