Donaldson Company, Inc. (NYSE:DCI) Position Increased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 45,876.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,494 shares of the industrial products company's stock after purchasing an additional 11,469 shares during the period. Ashton Thomas Securities LLC's holdings in Donaldson were worth $774,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after acquiring an additional 33,139 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after buying an additional 73,234 shares during the period. Geode Capital Management LLC grew its holdings in Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock worth $180,522,000 after buying an additional 118,156 shares in the last quarter. Bank of New York Mellon Corp increased its position in Donaldson by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock valued at $85,351,000 after acquiring an additional 92,624 shares during the period. Finally, Scharf Investments LLC bought a new stake in Donaldson during the 4th quarter valued at $61,697,000. Institutional investors and hedge funds own 82.81% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DCI. Robert W. Baird lifted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.00.

Insider Buying and Selling

In other news, President Thomas R. Scalf sold 28,500 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares of the company's stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Trudy A. Rautio sold 14,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is owned by corporate insiders.

Donaldson Price Performance

Shares of NYSE:DCI traded down $1.74 during trading hours on Friday, hitting $67.01. 627,789 shares of the company's stock traded hands, compared to its average volume of 553,464. The company's fifty day simple moving average is $69.47 and its two-hundred day simple moving average is $71.58. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. Donaldson's dividend payout ratio (DPR) is 31.58%.

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.