Donaldson Company, Inc. (NYSE:DCI) Holdings Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 263.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,637 shares of the industrial products company's stock after acquiring an additional 38,152 shares during the quarter. BNP Paribas Financial Markets' holdings in Donaldson were worth $3,879,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its position in Donaldson by 359.2% during the 3rd 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 in the last quarter. Mather Group LLC. raised its stake in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 404 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Donaldson during the 3rd quarter valued at $41,000. V Square Quantitative Management LLC boosted its position in Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after purchasing an additional 207 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 301 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Down 0.4 %

DCI traded down $0.31 during trading on Thursday, hitting $73.05. The company had a trading volume of 764,494 shares, compared to its average volume of 499,826. The company has a market cap of $8.75 billion, a PE ratio of 21.32, a P/E/G ratio of 1.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.23. Donaldson Company, Inc. has a 1-year low of $61.00 and a 1-year high of $78.95. The business has a 50-day moving average of $75.13 and a 200-day moving average of $73.43.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $888.88 million. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. As a group, analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson's dividend payout ratio is presently 31.40%.

Insider Activity

In other news, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the completion of the sale, the director now owns 27,983 shares in the company, valued at approximately $2,053,112.71. This represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock worth $12,310,222 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DCI. Stifel Nicolaus decreased their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Morgan Stanley lifted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday. Finally, Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $74.00.

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.