Algert Global LLC Purchases 24,939 Shares of Donaldson Company, Inc. (NYSE:DCI)

Algert Global LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,285 shares of the industrial products company’s stock after purchasing an additional 24,939 shares during the period. Algert Global LLC owned about 0.14% of Donaldson worth $12,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Donaldson by 31.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,308 shares of the industrial products company’s stock worth $1,058,000 after acquiring an additional 3,464 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Donaldson by 22.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,970 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 1,487 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Donaldson by 21.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Donaldson by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,292 shares of the industrial products company’s stock valued at $4,503,000 after purchasing an additional 1,124 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new position in Donaldson during the 1st quarter worth $660,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

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

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating 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 company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. As a group, analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. Donaldson’s dividend payout ratio is currently 31.95%.

Insider Activity at Donaldson

In related news, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was 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 directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the transaction, the director now directly owns 27,983 shares in the company, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock worth $12,310,222 in the last quarter. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DCI shares. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.67.

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.