Algert Global LLC Boosts Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Algert Global LLC raised its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 17.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,285 shares of the industrial products company’s stock after purchasing an additional 24,939 shares during the period. Algert Global LLC’s holdings in Donaldson were worth $12,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DCI. UMB Bank n.a. raised its stake 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 purchasing an additional 273 shares during the period. Versant Capital Management Inc grew its holdings in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares in the last quarter. Mather Group LLC. increased its position in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Donaldson in the third quarter worth about $41,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Price Performance

Shares of Donaldson stock opened at $77.44 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.27 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04. Donaldson Company, Inc. has a 12-month low of $58.75 and a 12-month high of $78.71. The company’s fifty day simple moving average is $74.43 and its two-hundred day simple moving average is $73.33.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%. Donaldson’s payout ratio is 31.95%.

Analyst Upgrades and Downgrades

DCI has been the subject of several analyst reports. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Stifel Nicolaus lowered their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Donaldson presently has an average rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling at Donaldson

In related news, Director James Owens sold 5,210 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tod E. Carpenter sold 24,081 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $72.52, for a total value of $1,746,354.12. Following the completion of the transaction, the chief executive officer now owns 256,742 shares in the company, valued at approximately $18,618,929.84. This trade represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. Insiders own 2.70% of the company’s stock.

About Donaldson

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.