Granite Bay Wealth Management LLC Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Granite Bay Wealth Management LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 14,000 shares of the industrial products company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. boosted 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 purchasing an additional 273 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Donaldson during the 3rd quarter valued at $41,000. V Square Quantitative Management LLC lifted its stake in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after buying an additional 207 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after buying an additional 301 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in Donaldson by 221.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after buying an additional 696 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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. Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $74.00.

Insider Activity at Donaldson

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

Donaldson Stock Up 0.7 %

Shares of DCI stock opened at $66.99 on Tuesday. The company’s fifty day simple moving average is $72.50 and its two-hundred day simple moving average is $72.64. Donaldson Company, Inc. has a 52 week low of $62.77 and a 52 week high of $78.95. The stock has a market cap of $8.00 billion, a P/E ratio of 19.47, a PEG ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 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 company had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, December 9th. Donaldson’s dividend payout ratio is presently 31.40%.

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.