Wexford Capital LP Acquires Shares of 22,000 Donaldson Company, Inc. (NYSE:DCI)

Wexford Capital LP acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,000 shares of the industrial products company's stock, valued at approximately $1,621,000.

Several other institutional investors also recently bought and sold shares of DCI. Mather Group LLC. grew its position in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company's stock worth $38,000 after buying an additional 404 shares during the last quarter. CWM LLC lifted its holdings in Donaldson by 66.5% in the second quarter. CWM LLC now owns 6,006 shares of the industrial products company's stock valued at $430,000 after acquiring an additional 2,399 shares during the period. Blue Trust Inc. lifted its stake in shares of Donaldson by 47.0% in the 2nd quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company's stock valued at $170,000 after purchasing an additional 730 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Donaldson in the second quarter worth about $2,899,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Donaldson during the second quarter worth approximately $264,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DCI shares. Morgan Stanley lifted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 28th. 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. Finally, Stifel Nicolaus dropped their price objective 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now directly owns 27,983 shares of the company's stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 4,295 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the sale, the president now directly owns 30,834 shares of the company's stock, valued at approximately $2,261,057.22. This trade represents a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 over the last ninety days. Corporate insiders own 2.70% of the company's stock.

Donaldson Stock Down 0.2 %

DCI stock traded down $0.14 during mid-day trading on Friday, reaching $72.88. The company had a trading volume of 547,043 shares, compared to its average volume of 607,639. Donaldson Company, Inc. has a fifty-two week low of $61.00 and a fifty-two week high of $78.95. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.85. The firm has a fifty day simple moving average of $75.09 and a 200 day simple moving average of $73.41.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $888.88 million. During the same quarter last year, the company earned $0.75 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, December 9th. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

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.