Point72 Asia Singapore Pte. Ltd. Takes $107,000 Position in Donaldson Company, Inc. (NYSE:DCI)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,495 shares of the industrial products company’s stock, valued at approximately $107,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in shares of Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after purchasing an additional 367,705 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 1.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after buying an additional 32,964 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of Donaldson by 3.5% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after buying an additional 61,584 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after buying an additional 75,733 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Donaldson by 19.4% during the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after acquiring an additional 256,994 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Raymond James began coverage on Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Price Performance

Donaldson stock opened at $73.82 on Friday. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The company’s 50 day moving average price is $72.44 and its two-hundred day moving average price is $72.92. The stock has a market cap of $8.89 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.91 and a beta of 1.05. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. On average, equities analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.46%. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Insiders Place Their Bets

In other news, Director James Owens sold 5,210 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James Owens sold 5,210 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,310 shares of company stock valued at $8,092,999. Company insiders own 2.58% of the company’s stock.

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.