Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 574,146 shares of the industrial products company's stock after purchasing an additional 158,487 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.48% of Donaldson worth $38,669,000 as of its most recent filing with the Securities & Exchange Commission.

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

Donaldson Stock Down 1.6 %

Donaldson stock traded down $0.98 during midday trading on Monday, hitting $59.86. 1,171,077 shares of the company's stock were exchanged, compared to its average volume of 561,813. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market cap of $7.15 billion, a PE ratio of 17.40, a P/E/G ratio of 1.82 and a beta of 1.01. The firm has a 50-day moving average of $68.62 and a two-hundred day moving average of $71.30.

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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 (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, February 13th. Donaldson's payout ratio is 31.58%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.00.

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.