6,593 Shares in Donaldson Company, Inc. (NYSE:DCI) Acquired by Teza Capital Management LLC

Teza Capital Management LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI – Get Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,593 shares of the industrial products company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new stake in Donaldson in the third quarter worth approximately $27,000. Adirondack Trust Co. acquired a new stake in Donaldson in the third quarter worth approximately $39,000. Wipfli Financial Advisors LLC acquired a new stake in Donaldson in the third quarter worth approximately $58,000. IFP Advisors Inc lifted its position in Donaldson by 22.3% in the third quarter. IFP Advisors Inc now owns 1,597 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 291 shares during the period. Finally, CWM LLC lifted its position in Donaldson by 22.4% in the third quarter. CWM LLC now owns 1,710 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 313 shares during the period. 80.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 6,912 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $60.39, for a total transaction of $417,415.68. Following the sale, the director now directly owns 38,806 shares of the company’s stock, valued at approximately $2,343,494.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Donaldson news, President Thomas R. Scalf sold 4,500 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $61.00, for a total transaction of $274,500.00. Following the sale, the president now directly owns 26,443 shares of the company’s stock, valued at approximately $1,613,023. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 6,912 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $60.39, for a total transaction of $417,415.68. Following the sale, the director now directly owns 38,806 shares in the company, valued at $2,343,494.34. The disclosure for this sale can be found here. Insiders have sold a total of 22,212 shares of company stock valued at $1,405,580 in the last three months. 2.77% of the stock is currently owned by company insiders.

Donaldson Price Performance

Shares of NYSE:DCI opened at $64.10 on Monday. Donaldson Company, Inc. has a one year low of $46.00 and a one year high of $66.96. The stock has a fifty day moving average of $62.51 and a 200-day moving average of $58.07. The company has a market capitalization of $7.77 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 2.33.

Donaldson (NYSE:DCI – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. The company had revenue of $828.30 million during the quarter, compared to the consensus estimate of $838.29 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.05 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Friday, February 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, February 9th. Donaldson’s dividend payout ratio (DPR) is currently 31.94%.

Wall Street Analyst Weigh In

DCI has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on Donaldson from $66.00 to $69.00 in a research report on Friday, March 3rd. Morgan Stanley upped their target price on Donaldson from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd.

Donaldson Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.