Mcdaniel Terry & Co. Boosts Position in Donaldson Company, Inc. (NYSE:DCI)

Mcdaniel Terry & Co. lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 561,818 shares of the industrial products company's stock after acquiring an additional 48,485 shares during the quarter. Donaldson makes up approximately 3.1% of Mcdaniel Terry & Co.'s portfolio, making the stock its 10th largest position. Mcdaniel Terry & Co. owned about 0.47% of Donaldson worth $37,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Donaldson in the 3rd quarter worth $41,000. Venturi Wealth Management LLC grew its stake in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after acquiring an additional 206 shares in the last quarter. Kentucky Trust Co bought a new stake in shares of Donaldson in the 4th quarter worth $105,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Donaldson by 38.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company's stock worth $152,000 after acquiring an additional 571 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Sunday, February 16th. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.00.

Donaldson Stock Performance

Shares of NYSE:DCI traded down $0.53 during midday trading on Friday, reaching $68.82. The company had a trading volume of 650,663 shares, compared to its average volume of 485,343. The company's 50 day moving average price is $69.36 and its 200 day moving average price is $72.22. 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 stock has a market cap of $8.22 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.82 and a beta of 1.06. Donaldson Company, Inc. has a 52-week low of $65.99 and a 52-week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, February 13th. Donaldson's payout ratio is 31.40%.

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.