Dynamic Technology Lab Private Ltd Has $1.21 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Dynamic Technology Lab Private Ltd raised its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 116.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,380 shares of the industrial products company's stock after buying an additional 8,817 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Donaldson were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its stake 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 in the last quarter. Versant Capital Management Inc lifted its position in Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 494 shares during the last quarter. Mather Group LLC. boosted its stake in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Donaldson during the 3rd quarter worth approximately $41,000. Finally, V Square Quantitative Management LLC grew its position in shares of Donaldson by 52.0% during the third 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. 82.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com raised shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Donaldson has an average rating of "Hold" and a consensus target price of $69.67.

Insider Transactions at Donaldson

In other news, Director James Owens sold 5,210 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company's stock, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 2,500 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company's stock.

Donaldson Stock Down 0.7 %

DCI stock traded down $0.54 during trading on Wednesday, reaching $77.52. The stock had a trading volume of 226,803 shares, compared to its average volume of 488,260. The firm has a fifty day moving average price of $74.70 and a 200 day moving average price of $73.35. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.28 billion, a P/E ratio of 22.90, a PEG ratio of 2.06 and a beta of 1.04. Donaldson Company, Inc. has a 1-year low of $58.75 and a 1-year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, December 9th. Donaldson's dividend payout ratio (DPR) is 31.95%.

About Donaldson

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.