Apollon Wealth Management LLC Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

Apollon Wealth Management LLC grew its holdings in Donaldson Company, Inc. (NYSE:DCI) by 17.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,482 shares of the industrial products company’s stock after acquiring an additional 2,636 shares during the quarter. Apollon Wealth Management LLC’s holdings in Donaldson were worth $1,177,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in Donaldson by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock valued at $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Donaldson by 5.1% during the third quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares during the last quarter. Scharf Investments LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $61,697,000. Mcdaniel Terry & Co. grew its position in Donaldson by 0.8% in the 3rd quarter. Mcdaniel Terry & Co. now owns 513,333 shares of the industrial products company’s stock valued at $37,833,000 after buying an additional 4,092 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Donaldson by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after buying an additional 23,758 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DCI. Morgan Stanley raised their target price 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. Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Donaldson currently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Donaldson Price Performance

Shares of NYSE DCI opened at $70.44 on Tuesday. The company’s fifty day moving average is $69.95 and its two-hundred day moving average is $72.46. 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 $8.41 billion, a P/E ratio of 20.48, a PEG ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a one year low of $65.60 and a one year high of $78.95.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, February 13th. Donaldson’s payout ratio is currently 31.40%.

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.