6,165 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Twin Tree Management LP

Twin Tree Management LP bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,165 shares of the industrial products company's stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jensen Investment Management Inc. grew its stake in Donaldson by 15.0% in the fourth quarter. Jensen Investment Management Inc. now owns 77,110 shares of the industrial products company's stock valued at $5,193,000 after purchasing an additional 10,070 shares in the last quarter. Picton Mahoney Asset Management lifted its position in shares of Donaldson by 55.2% in the fourth quarter. Picton Mahoney Asset Management now owns 7,552 shares of the industrial products company's stock worth $508,000 after buying an additional 2,685 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Donaldson by 5.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 37,032 shares of the industrial products company's stock worth $2,494,000 after buying an additional 1,959 shares during the last quarter. Vestcor Inc lifted its position in shares of Donaldson by 181.6% in the fourth quarter. Vestcor Inc now owns 32,717 shares of the industrial products company's stock worth $2,203,000 after buying an additional 21,097 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock worth $77,000 after purchasing an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Donaldson Price Performance

Shares of DCI stock traded down $0.55 during trading hours on Friday, hitting $67.31. The company had a trading volume of 2,808,242 shares, compared to its average volume of 524,836. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.82 and a beta of 1.04. The firm's fifty day moving average is $69.56 and its 200 day moving average is $71.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The business 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%. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Donaldson's payout ratio is 31.58%.

Analyst Upgrades and Downgrades

DCI has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

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

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.