Legend Financial Advisors Inc. Buys Shares of 3,092 Donaldson Company, Inc. (NYSE:DCI)

Legend Financial Advisors Inc. bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,092 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also bought and sold shares of DCI. Diversified Trust Co grew its position in Donaldson by 26.0% during the fourth quarter. Diversified Trust Co now owns 16,105 shares of the industrial products company’s stock worth $1,085,000 after buying an additional 3,328 shares in the last quarter. Dudley & Shanley Inc. raised its position in shares of Donaldson by 5,118.4% during the 4th quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 206 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after acquiring an additional 23,758 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Donaldson by 2.8% in the 3rd quarter. Retirement Systems of Alabama now owns 304,606 shares of the industrial products company’s stock worth $22,449,000 after purchasing an additional 8,154 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DCI has been the subject of several recent research reports. Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Finally, Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Donaldson currently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Performance

NYSE:DCI traded down $0.20 during trading hours on Tuesday, reaching $67.37. The company had a trading volume of 401,984 shares, compared to its average volume of 449,665. The firm’s 50 day moving average price is $73.16 and its 200-day moving average price is $72.81. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.90 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 52 week low of $61.79 and a 52 week high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Monday, December 9th. Donaldson’s payout ratio is 31.40%.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now owns 28,334 shares in the company, valued at approximately $2,072,915.44. This represents a 8.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Donaldson Company 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.