Focus Financial Network Inc. Grows Position in Donaldson Company, Inc. (NYSE:DCI)

Focus Financial Network Inc. boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,745 shares of the industrial products company’s stock after purchasing an additional 828 shares during the period. Focus Financial Network Inc.’s holdings in Donaldson were worth $2,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 273 shares during the period. Capital Performance Advisors LLP bought a new stake in Donaldson during the third quarter valued at about $41,000. V Square Quantitative Management LLC raised its holdings 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 valued at $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC raised its holdings in Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 301 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Donaldson by 38.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 571 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Up 0.5 %

Shares of DCI stock opened at $70.77 on Wednesday. Donaldson Company, Inc. has a 12-month low of $65.60 and a 12-month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $69.91 and its 200-day moving average price is $72.44. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.

Donaldson (NYSE:DCI) last issued 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. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million for the quarter, compared to analysts’ expectations of $888.88 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

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

Insiders Place Their Bets

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on DCI. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Morgan Stanley raised their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Donaldson currently has an average rating of “Hold” and a consensus target price of $74.00.

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.