15,363 Shares in Donaldson Company, Inc. $DCI Bought by Caprock Group LLC

Caprock Group LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,363 shares of the industrial products company’s stock, valued at approximately $1,224,000.

A number of other institutional investors have also modified their holdings of DCI. Rhumbline Advisers lifted its holdings in Donaldson by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 353,207 shares of the industrial products company’s stock worth $28,910,000 after buying an additional 6,587 shares during the last quarter. Versor Investments LP grew its position in shares of Donaldson by 298.8% during the 3rd quarter. Versor Investments LP now owns 11,839 shares of the industrial products company’s stock valued at $969,000 after buying an additional 8,870 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of Donaldson by 12.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 4,422 shares of the industrial products company’s stock valued at $362,000 after buying an additional 500 shares during the last quarter. Profund Advisors LLC acquired a new stake in Donaldson during the third quarter worth about $219,000. Finally, Smartleaf Asset Management LLC boosted its stake in Donaldson by 117.5% in the third quarter. Smartleaf Asset Management LLC now owns 1,831 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 989 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 19,800 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the transaction, the director owned 43,993 shares in the company, valued at approximately $4,049,115.72. This represents a 31.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bradley J. Pogalz sold 566 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the sale, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. The trade was a 56.60% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DCI. Jefferies Financial Group raised their price target on Donaldson to $123.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Stifel Nicolaus boosted their price target on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $72.00 to $84.00 in a report on Monday, November 24th. Robert W. Baird set a $110.00 target price on shares of Donaldson in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.25.

Donaldson Trading Down 0.5%

Donaldson stock opened at $109.38 on Friday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $112.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15. The firm has a market capitalization of $12.62 billion, a PE ratio of 34.08, a PEG ratio of 2.71 and a beta of 1.00. The business’s 50-day simple moving average is $97.47 and its 200-day simple moving average is $87.10.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. Donaldson’s payout ratio is currently 37.38%.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.