Jacobs Levy Equity Management Inc. Invests $1.63 Million in Donaldson Company, Inc. (NYSE:DCI)

Jacobs Levy Equity Management Inc. bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,117 shares of the industrial products company's stock, valued at approximately $1,630,000.

A number of other hedge funds have also recently modified their holdings of DCI. UMB Bank n.a. boosted 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 buying an additional 273 shares during the period. Capital Performance Advisors LLP purchased a new position in Donaldson in the 3rd quarter valued at $41,000. V Square Quantitative Management LLC increased its stake in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock valued at $45,000 after buying an additional 207 shares during the period. GAMMA Investing LLC raised its position in Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock worth $53,000 after buying an additional 301 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Donaldson by 221.0% in the 2nd 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 period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James Owens sold 5,210 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company's stock, valued at $2,791,456.08. This trade represents a 68.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock worth $12,310,222 in the last 90 days. Company insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.09 during midday trading on Monday, hitting $72.70. 255,746 shares of the company's stock were exchanged, compared to its average volume of 498,892. The stock's 50 day moving average price is $75.09 and its 200-day moving average price is $73.39. Donaldson Company, Inc. has a twelve month low of $61.39 and a twelve month high of $78.95. The firm has a market cap of $8.71 billion, a P/E ratio of 21.19, a PEG ratio of 1.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.49%. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DCI. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Thursday, August 29th. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Robert W. Baird boosted their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Morgan Stanley boosted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and a consensus target price 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.