Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Donaldson Company, Inc. (NYSE:DCI) by 809.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 277,788 shares of the industrial products company’s stock after acquiring an additional 247,243 shares during the period. Assenagon Asset Management S.A. owned 0.23% of Donaldson worth $18,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Donaldson by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,957,726 shares of the industrial products company’s stock valued at $772,799,000 after acquiring an additional 43,490 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Donaldson by 3.9% during the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after purchasing an additional 413,360 shares during the last quarter. State Street Corp boosted its stake in shares of Donaldson by 2.0% during the 3rd quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after purchasing an additional 132,979 shares during the last quarter. FMR LLC boosted its stake in shares of Donaldson by 2.6% during the 3rd quarter. FMR LLC now owns 4,440,692 shares of the industrial products company’s stock worth $264,843,000 after purchasing an additional 113,591 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Donaldson by 2.3% during the 3rd quarter. Boston Trust Walden Corp now owns 2,773,935 shares of the industrial products company’s stock worth $165,437,000 after purchasing an additional 62,995 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sheila G. Kramer sold 45,500 shares of Donaldson stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the sale, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sheila G. Kramer sold 45,500 shares of Donaldson stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the sale, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 5,000 shares of Donaldson stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $64.99, for a total transaction of $324,950.00. Following the sale, the director now owns 26,337 shares in the company, valued at approximately $1,711,641.63. The disclosure for this sale can be found here. Insiders have sold 84,407 shares of company stock worth $6,142,892 over the last 90 days. Company insiders own 2.58% of the company’s stock.

Donaldson Trading Up 1.1 %

NYSE DCI opened at $74.90 on Thursday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $75.02. The company’s 50 day moving average price is $68.91 and its 200 day moving average price is $63.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.14 and a beta of 1.09.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the firm posted $0.75 earnings per share. Donaldson’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.25 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Donaldson’s payout ratio is 32.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Donaldson from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 30th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Finally, Morgan Stanley assumed coverage on shares of Donaldson in a report on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.75.

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.