Vestcor Inc Buys 21,097 Shares of Donaldson Company, Inc. (NYSE:DCI)

Vestcor Inc boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 181.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,717 shares of the industrial products company's stock after acquiring an additional 21,097 shares during the period. Vestcor Inc's holdings in Donaldson were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DCI. Smartleaf Asset Management LLC boosted its holdings in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Donaldson by 89.6% during the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock worth $53,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 353 shares during the last quarter. Finally, Kentucky Trust Co bought a new stake in Donaldson during the fourth quarter worth about $105,000. 82.81% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Robert W. Baird raised their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley upped their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Stock Performance

NYSE:DCI traded up $0.73 on Wednesday, hitting $68.95. The company's stock had a trading volume of 604,861 shares, compared to its average volume of 516,075. 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 one year low of $65.10 and a one year high of $78.95. The stock has a fifty day moving average of $69.53 and a two-hundred day moving average of $71.73. The firm has a market capitalization of $8.24 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. Research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. Donaldson's dividend payout ratio is presently 31.58%.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was 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 of the company's stock, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas R. Scalf sold 29,500 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,951,929.26. The trade was a 51.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,000 shares of company stock worth $4,951,425. Corporate 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.