Legend Financial Advisors Inc. Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Legend Financial Advisors Inc. bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,092 shares of the industrial products company’s stock, valued at approximately $208,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the period. Capital Performance Advisors LLP acquired a new position in Donaldson in the 3rd quarter worth about $41,000. V Square Quantitative Management LLC boosted its position 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 worth $45,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC grew its holdings in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 301 shares during the period. Finally, Headlands Technologies LLC increased its position in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock valued at $72,000 after buying an additional 696 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction dated 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. The trade was a 8.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 26,420 shares in the company, valued at $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. Corporate insiders own 2.70% of the company’s stock.

Donaldson Trading Down 0.3 %

NYSE DCI traded down $0.20 during trading on Tuesday, hitting $67.37. The stock had a trading volume of 401,984 shares, compared to its average volume of 449,665. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.05 billion, a PE ratio of 19.58, a PEG ratio of 1.90 and a beta of 1.06. The firm has a 50 day moving average price of $73.16 and a 200 day moving average price of $72.81. Donaldson Company, Inc. has a twelve month low of $61.79 and a twelve month high of $78.95.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $888.88 million. During the same period last year, the business posted $0.75 earnings per share. Donaldson’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DCI shares. Robert W. Baird boosted their target price 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 Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. Finally, Morgan Stanley lifted their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. One 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 stock. Based on data from MarketBeat, Donaldson has a consensus rating of “Hold” and an average 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.