Sit Investment Associates Inc. Purchases 64,760 Shares of Donaldson Company, Inc. (NYSE:DCI)

Sit Investment Associates Inc. grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 68.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,225 shares of the industrial products company's stock after purchasing an additional 64,760 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.13% of Donaldson worth $10,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Donaldson in the fourth quarter valued at $65,828,000. Scharf Investments LLC bought a new stake in shares of Donaldson during the 4th quarter valued at about $61,697,000. Dudley & Shanley Inc. grew its stake in Donaldson by 5,118.4% during the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock worth $18,100,000 after purchasing an additional 263,600 shares during the period. Swedbank AB bought a new stake in Donaldson in the fourth quarter worth approximately $17,471,000. Finally, Raymond James Financial Inc. acquired a new position in Donaldson in the fourth quarter valued at approximately $13,865,000. 82.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the business's 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 sale, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last 90 days. Insiders own 2.70% of the company's stock.

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Donaldson Stock Up 1.4 %

NYSE:DCI traded up $0.89 during trading hours on Friday, hitting $63.04. 207,361 shares of the company traded hands, compared to its average volume of 566,992. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a market cap of $7.53 billion, a PE ratio of 18.32, a PEG ratio of 1.82 and a beta of 1.01. The firm's 50-day simple moving average is $67.71 and its 200-day simple moving average is $70.94. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million for 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%. Equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. Donaldson's payout ratio is presently 31.58%.

Analyst Ratings Changes

Separately, 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 issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.00.

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.