8,300 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,300 shares of the industrial products company's stock, valued at approximately $612,000.

Several other large investors also recently modified their holdings of the business. CWM LLC boosted its holdings in Donaldson by 66.5% in the second quarter. CWM LLC now owns 6,006 shares of the industrial products company's stock valued at $430,000 after acquiring an additional 2,399 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Donaldson by 47.0% during the 2nd quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company's stock valued at $170,000 after purchasing an additional 730 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Donaldson during the second quarter valued at about $2,899,000. Fifth Third Wealth Advisors LLC bought a new position in Donaldson in the second quarter worth about $264,000. Finally, Lecap Asset Management Ltd. raised its stake in Donaldson by 72.5% in the second quarter. Lecap Asset Management Ltd. now owns 19,130 shares of the industrial products company's stock worth $1,369,000 after buying an additional 8,041 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on DCI shares. Morgan Stanley upped their target price on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Wednesday, December 4th. Stifel Nicolaus dropped their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. Finally, Robert W. Baird raised their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.00.

Insiders Place Their Bets

In related news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now directly owns 41,368 shares in the company, valued at approximately $3,015,313.52. This trade represents a 25.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now directly 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,805 shares of company stock valued at $12,310,222. Insiders own 2.70% of the company's stock.

Donaldson Stock Up 0.0 %

Shares of DCI stock traded up $0.02 during trading hours on Thursday, hitting $72.69. 539,140 shares of the company's stock traded hands, compared to its average volume of 506,743. 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 stock's fifty day simple moving average is $75.03 and its two-hundred day simple moving average is $73.36. Donaldson Company, Inc. has a 12-month low of $61.79 and a 12-month high of $78.95. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.91 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million during the quarter, compared to analysts' expectations of $888.88 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.49%. Donaldson's dividend payout ratio is currently 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.