Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,476 shares of the industrial products company's stock after buying an additional 17,680 shares during the quarter. Heartland Advisors Inc. owned approximately 0.17% of Donaldson worth $13,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DCI. IFP Advisors Inc grew its holdings in Donaldson by 94.5% during the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after acquiring an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Donaldson during the fourth quarter worth $943,000. JPMorgan Chase & Co. increased its holdings in Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after buying an additional 23,758 shares during the last quarter. GAMMA Investing LLC raised its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after buying an additional 206 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its holdings in Donaldson by 21.4% during the 4th quarter. Radnor Capital Management LLC now owns 69,820 shares of the industrial products company's stock worth $4,702,000 after buying an additional 12,315 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. This represents a 51.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares of the company's stock, valued at approximately $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. Insiders have sold 72,000 shares of company stock worth $4,951,425 over the last quarter. 2.70% of the stock is currently owned by insiders.

Donaldson Price Performance

Shares of DCI traded up $0.14 during mid-day trading on Tuesday, reaching $67.20. 188,003 shares of the company's stock were exchanged, compared to its average volume of 552,772. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.82 and a beta of 1.04. The company has a 50-day simple moving average of $69.39 and a two-hundred day simple moving average of $71.57. 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 (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird raised 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. One 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.com, Donaldson currently has a consensus rating of "Hold" and an average price target of $74.00.

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.