Kestra Investment Management LLC Invests $415,000 in Donaldson Company, Inc. (NYSE:DCI)

Kestra Investment Management LLC acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,163 shares of the industrial products company's stock, valued at approximately $415,000.

A number of other hedge funds also recently made changes to their positions in DCI. Franklin Resources Inc. raised its stake in shares of Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock valued at $180,522,000 after buying an additional 118,156 shares during the last quarter. Scharf Investments LLC purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $61,697,000. Mcdaniel Terry & Co. lifted its position in Donaldson by 0.8% during the third quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company's stock valued at $37,833,000 after purchasing an additional 4,092 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Donaldson by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after purchasing an additional 23,758 shares during the period. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCI. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 16th. Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.00.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Performance

DCI traded down $0.48 during trading on Friday, hitting $68.87. The company's stock had a trading volume of 335,661 shares, compared to its average volume of 475,390. 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 one year low of $65.99 and a one year high of $78.95. The firm has a market cap of $8.23 billion, a PE ratio of 20.02, a P/E/G ratio of 1.82 and a beta of 1.06. The business's 50 day simple moving average is $69.42 and its 200-day simple moving average is $72.23.

Donaldson (NYSE:DCI - Get Free Report) last released 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 net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same period last year, the firm earned $0.75 earnings per share. The company's quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. 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.