JPMorgan Chase & Co. Increases Stake in Donaldson Company, Inc. (NYSE:DCI)

JPMorgan Chase & Co. increased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 439,538 shares of the industrial products company's stock after buying an additional 23,758 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Donaldson worth $32,394,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Donaldson by 359.2% in the 3rd 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 period. Capital Performance Advisors LLP purchased a new position in shares of Donaldson during the third quarter worth approximately $41,000. V Square Quantitative Management LLC lifted its holdings in shares of Donaldson by 52.0% in 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 grew its holdings in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 301 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings 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 buying an additional 696 shares during the period. Institutional investors own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Morgan Stanley lifted 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. Finally, Robert W. Baird raised 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $74.00.

Insider Activity at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of the 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 transaction, the president now directly owns 28,334 shares of the company's stock, valued at $2,072,915.44. This represents a 8.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Down 0.3 %

DCI traded down $0.20 during midday trading on Tuesday, reaching $67.37. The company's stock had a trading volume of 401,984 shares, compared to its average volume of 449,721. The stock's 50-day moving average is $73.01 and its 200-day moving average is $72.77. Donaldson Company, Inc. has a 1 year low of $61.79 and a 1 year high of $78.95. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.90 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

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 for the quarter, topping the consensus estimate of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 annualized dividend and a yield of 1.60%. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

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.