73,643 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 73,643 shares of the industrial products company's stock, valued at approximately $4,960,000. Tokio Marine Asset Management Co. Ltd. owned approximately 0.06% of Donaldson as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Scharf Investments LLC purchased a new position in shares of Donaldson during the fourth quarter valued at $61,697,000. Dudley & Shanley Inc. increased its stake in Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company's stock valued at $18,100,000 after acquiring an additional 263,600 shares during the period. Swedbank AB acquired a new position in Donaldson during the fourth quarter worth $17,471,000. Geode Capital Management LLC grew its stake in 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 worth $180,522,000 after buying an additional 118,156 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Donaldson during the third quarter worth $8,513,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

Shares of Donaldson stock traded up $0.13 during trading hours on Wednesday, reaching $70.08. The company had a trading volume of 103,541 shares, compared to its average volume of 483,924. The business has a fifty day simple moving average of $70.55 and a 200 day simple moving average of $72.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a one year low of $65.60 and a one year high of $78.95. The firm has a market cap of $8.37 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, February 13th. Donaldson's dividend payout ratio is currently 31.40%.

Analyst Ratings Changes

DCI has been the topic of several recent research reports. StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 31st. Robert W. Baird lifted their price target 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, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Donaldson has a consensus rating of "Hold" and a consensus target price of $74.00.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Donaldson 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.