Orion Portfolio Solutions LLC Buys 9,159 Shares of Donaldson Company, Inc. (NYSE:DCI)

Orion Portfolio Solutions LLC raised its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,020 shares of the industrial products company's stock after acquiring an additional 9,159 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Donaldson were worth $2,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DCI. Norges Bank bought a new stake in shares of Donaldson during the 4th quarter valued at $65,828,000. Scharf Investments LLC purchased a new position in Donaldson during the fourth quarter valued at $61,697,000. Dudley & Shanley Inc. grew its holdings 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 valued at $18,100,000 after purchasing an additional 263,600 shares during the period. Swedbank AB purchased a new stake in Donaldson in the fourth quarter worth about $17,471,000. Finally, Raymond James Financial Inc. bought a new position in shares of Donaldson in the fourth quarter worth about $13,865,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

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Donaldson Price Performance

Shares of DCI traded down $2.90 during trading hours on Friday, reaching $60.83. 1,020,888 shares of the stock traded hands, compared to its average volume of 558,753. Donaldson Company, Inc. has a 52-week low of $59.95 and a 52-week high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a market cap of $7.27 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company's 50-day moving average price is $69.08 and its two-hundred day moving average price is $71.47.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. On average, analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is currently 31.58%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.