Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,060 shares of the industrial products company's stock after purchasing an additional 34,849 shares during the period. Van ECK Associates Corp owned about 0.13% of Donaldson worth $10,848,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DCI. Franklin Resources Inc. boosted its stake in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock worth $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Donaldson by 5.1% in 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 acquiring an additional 118,156 shares during the last quarter. Scharf Investments LLC acquired a new stake in shares of Donaldson in the fourth quarter worth approximately $61,697,000. Mcdaniel Terry & Co. boosted its stake in shares of Donaldson by 0.8% in the third quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company's stock worth $37,833,000 after acquiring an additional 4,092 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after acquiring an additional 23,758 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction 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 $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Morgan Stanley boosted their price objective on Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.00.

Donaldson Trading Down 0.1 %

NYSE DCI traded down $0.08 on Thursday, reaching $69.36. 582,331 shares of the company were exchanged, compared to its average volume of 480,334. The business's fifty day moving average price is $69.49 and its 200 day moving average price is $72.25. The stock has a market capitalization of $8.28 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a fifty-two week low of $65.99 and a fifty-two week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 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 company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Donaldson's dividend payout ratio is presently 31.40%.

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.