Dudley & Shanley Inc. Buys 263,600 Shares of Donaldson Company, Inc. (NYSE:DCI)

Dudley & Shanley Inc. raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5,118.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 268,750 shares of the industrial products company's stock after acquiring an additional 263,600 shares during the quarter. Donaldson makes up 2.8% of Dudley & Shanley Inc.'s portfolio, making the stock its 19th largest holding. Dudley & Shanley Inc. owned about 0.23% of Donaldson worth $18,100,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Donaldson during the 3rd quarter worth about $41,000. V Square Quantitative Management LLC grew its holdings in Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after acquiring an additional 207 shares during the last quarter. GAMMA Investing LLC increased its position in Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 301 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company's stock worth $72,000 after acquiring an additional 696 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. Finally, Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $74.00.

Donaldson Trading Up 1.4 %

NYSE DCI traded up $0.97 during trading hours on Friday, hitting $68.26. The company's stock had a trading volume of 487,483 shares, compared to its average volume of 491,992. The stock has a fifty day moving average of $73.31 and a 200 day moving average of $72.84. 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 Company, Inc. has a twelve month low of $61.79 and a twelve month high of $78.95. The firm has a market capitalization of $8.15 billion, a P/E ratio of 19.84, a PEG ratio of 1.90 and a beta of 1.04.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson's dividend 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.