34,860 Shares in Donaldson Company, Inc. $DCI Acquired by Ballast Asset Management LP

Ballast Asset Management LP bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,860 shares of the industrial products company’s stock, valued at approximately $2,418,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its position in shares of Donaldson by 5,112.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 409 shares during the last quarter. NewSquare Capital LLC acquired a new stake in shares of Donaldson during the second quarter worth $34,000. Brooklyn Investment Group lifted its holdings in shares of Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 320 shares during the last quarter. Steph & Co. acquired a new position in shares of Donaldson in the 2nd quarter valued at $46,000. Finally, Hoese & Co LLP boosted its position in shares of Donaldson by 266.7% in the 2nd quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Robert W. Baird boosted their price target on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $72.00 to $84.00 in a research report on Monday, November 24th. Finally, Stifel Nicolaus increased their target price on Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.33.

Insider Buying and Selling

In other Donaldson news, President Guillermo Briseno sold 13,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president directly owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This represents a 34.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Donaldson Stock Performance

DCI stock opened at $89.90 on Monday. The firm has a 50 day simple moving average of $84.19 and a 200 day simple moving average of $76.84. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $90.94. The stock has a market cap of $10.41 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $802.50 million during the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. Research analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is presently 39.34%.

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.