Donaldson Company, Inc. (NYSE:DCI) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 516.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,502 shares of the industrial products company's stock after acquiring an additional 18,851 shares during the quarter. Quantbot Technologies LP's holdings in Donaldson were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Donaldson by 1.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company's stock valued at $134,832,000 after purchasing an additional 32,964 shares in the last quarter. American Century Companies Inc. grew its position in shares of Donaldson by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company's stock worth $121,073,000 after buying an additional 75,733 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company's stock worth $93,770,000 after acquiring an additional 153,342 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Donaldson by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company's stock valued at $91,964,000 after acquiring an additional 9,143 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Donaldson by 18.5% in the second quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company's stock valued at $53,964,000 after acquiring an additional 117,874 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DCI has been the topic of a number of recent analyst reports. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Donaldson has an average rating of "Hold" and an average price target of $69.67.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction 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 $1,276,111.12. The trade was a 22.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the sale, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.70% of the stock is owned by insiders.

Donaldson Stock Performance

Shares of DCI traded up $0.41 during trading hours on Friday, reaching $78.05. 301,654 shares of the company traded hands, compared to its average volume of 489,001. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $75.02 and a 200-day moving average price of $73.44. Donaldson Company, Inc. has a 12-month low of $59.78 and a 12-month high of $78.95. The stock has a market capitalization of $9.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.04 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Equities analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Donaldson's dividend payout ratio (DPR) is presently 31.95%.

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.