KLP Kapitalforvaltning AS Buys New Shares in Donaldson Company, Inc. (NYSE:DCI)

KLP Kapitalforvaltning AS purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,400 shares of the industrial products company's stock, valued at approximately $2,586,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the period. CIBC Asset Management Inc increased its stake in shares of Donaldson by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 187 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares during the period. Signal Advisors Wealth LLC boosted its stake in Donaldson by 5.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock worth $317,000 after acquiring an additional 249 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in Donaldson by 4.9% during the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock valued at $417,000 after purchasing an additional 290 shares during the period. 82.81% of the stock is currently owned by institutional investors.

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Donaldson Stock Down 2.5 %

Shares of Donaldson stock traded down $1.74 on Friday, hitting $67.01. The company had a trading volume of 627,789 shares, compared to its average volume of 553,464. Donaldson Company, Inc. has a twelve month low of $65.10 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The stock has a 50-day moving average of $69.47 and a 200-day moving average of $71.59. The firm has a market capitalization of $8.01 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DCI. Morgan Stanley increased their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. Robert W. Baird upped 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. Finally, StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm's 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 transaction, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,000 shares of company stock worth $4,951,425. Corporate insiders own 2.70% of the company's stock.

Donaldson Company Profile

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.