Dynamic Technology Lab Private Ltd Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

Dynamic Technology Lab Private Ltd increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 116.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,380 shares of the industrial products company’s stock after buying an additional 8,817 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Donaldson were worth $1,207,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the period. Versant Capital Management Inc grew its holdings in Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares during the period. Mather Group LLC. increased its position in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Donaldson in the third quarter valued at $41,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after buying an additional 207 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In related news, CEO Tod E. Carpenter sold 24,081 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $72.52, for a total value of $1,746,354.12. Following the sale, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at $18,618,929.84. This trade represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred 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 directly owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. This represents a 22.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 in the last three months. Company insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $78.06 on Wednesday. Donaldson Company, Inc. has a 52-week low of $58.75 and a 52-week high of $78.95. The business’s fifty day moving average is $74.57 and its 200 day moving average is $73.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.03 and a beta of 1.04.

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

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, December 9th. Donaldson’s dividend payout ratio is presently 31.95%.

Analysts Set New Price Targets

DCI has been the topic of a number of research reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus price target of $69.67.

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.