Entropy Technologies LP Boosts Stake in Donaldson Company, Inc. (NYSE:DCI)

Entropy Technologies LP lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 171.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,170 shares of the industrial products company's stock after acquiring an additional 12,119 shares during the quarter. Entropy Technologies LP's holdings in Donaldson were worth $1,291,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DCI. Truist Financial Corp boosted its stake in shares of Donaldson by 16.4% during the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company's stock worth $408,000 after acquiring an additional 804 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock worth $53,000 after acquiring an additional 301 shares in the last quarter. CWM LLC boosted its stake in shares of Donaldson by 24.6% during the 3rd quarter. CWM LLC now owns 7,483 shares of the industrial products company's stock worth $551,000 after acquiring an additional 1,477 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of 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 acquiring an additional 273 shares in the last quarter. Finally, Willis Investment Counsel raised its position in shares of Donaldson by 5.1% during the 3rd quarter. Willis Investment Counsel now owns 18,344 shares of the industrial products company's stock worth $1,352,000 after purchasing an additional 886 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DCI. Robert W. Baird upped their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 8th. Finally, Morgan Stanley upped their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Price Performance

DCI stock traded down $1.60 during mid-day trading on Friday, reaching $68.49. The company's stock had a trading volume of 668,717 shares, compared to its average volume of 478,047. The stock has a market cap of $8.18 billion, a PE ratio of 19.91, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $78.95. The company's 50 day moving average is $69.70 and its two-hundred day moving average is $72.36.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Donaldson's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. Donaldson's payout ratio is 31.40%.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 26,420 shares in the company, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.