denkapparat Operations GmbH Takes $289,000 Position in Donaldson Company, Inc. (NYSE:DCI)

denkapparat Operations GmbH acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,290 shares of the industrial products company's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after purchasing an additional 33,139 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after buying an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its stake in Donaldson by 5.1% in the 3rd 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 last quarter. Bank of New York Mellon Corp grew its stake in Donaldson by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock valued at $85,351,000 after purchasing an additional 92,624 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Donaldson in the fourth quarter valued at about $65,828,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock valued at $4,951,425 over the last ninety days. Corporate insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One research 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, Donaldson currently has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.15 during midday trading on Tuesday, reaching $67.21. 188,003 shares of the stock were exchanged, compared to its average volume of 552,772. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $69.39 and a two-hundred day simple moving average of $71.57. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.58%.

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.