Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 100.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,068 shares of the industrial products company's stock after buying an additional 7,556 shares during the quarter. Naples Global Advisors LLC's holdings in Donaldson were worth $1,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Donaldson by 27.6% during the fourth quarter. Van ECK Associates Corp now owns 161,060 shares of the industrial products company's stock worth $10,848,000 after purchasing an additional 34,849 shares during the last quarter. Kentucky Trust Co bought a new position in Donaldson in the fourth quarter worth approximately $105,000. Community Financial Services Group LLC increased its holdings in Donaldson by 7.0% during the 4th quarter. Community Financial Services Group LLC now owns 14,050 shares of the industrial products company's stock worth $946,000 after purchasing an additional 916 shares during the period. Focus Financial Network Inc. raised its position in Donaldson by 2.4% during the 4th quarter. Focus Financial Network Inc. now owns 34,745 shares of the industrial products company's stock valued at $2,340,000 after purchasing an additional 828 shares in the last quarter. Finally, Entropy Technologies LP grew its position in shares of Donaldson by 171.9% during the 4th quarter. Entropy Technologies LP now owns 19,170 shares of the industrial products company's stock worth $1,291,000 after buying an additional 12,119 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Down 2.3 %

Shares of NYSE DCI traded down $1.60 during trading hours on Monday, hitting $68.49. 668,717 shares of the stock were exchanged, compared to its average volume of 472,069. The company has a market cap of $8.18 billion, a PE ratio of 19.91, a PEG ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a 12 month low of $65.91 and a 12 month high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $69.62 and a 200-day moving average price of $72.29.

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 for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analysts' expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson's dividend payout ratio is currently 31.40%.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DCI. Morgan Stanley raised their target price 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. 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 research note on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.