Vestcor Inc Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Vestcor Inc increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,620 shares of the industrial products company’s stock after purchasing an additional 1,079 shares during the quarter. Vestcor Inc’s holdings in Donaldson were worth $856,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted 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 buying an additional 273 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson during the third quarter valued at about $41,000. V Square Quantitative Management LLC boosted its position in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 207 shares during the period. GAMMA Investing LLC increased its stake in shares of Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 301 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

NYSE:DCI opened at $72.69 on Friday. Donaldson Company, Inc. has a 52-week low of $61.79 and a 52-week high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.91 and a beta of 1.04. The stock has a fifty day moving average of $75.03 and a 200 day moving average of $73.36.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. On average, research analysts expect that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Monday, December 9th. Donaldson’s payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DCI. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Morgan Stanley increased their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, 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 report on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Buying and Selling

In other news, Director James Owens sold 5,210 shares of Donaldson stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,791,456.08. The trade was a 68.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 in the last 90 days. 2.70% of the stock is owned by company insiders.

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.