Twin Tree Management LP Acquires Shares of 6,165 Donaldson Company, Inc. (NYSE:DCI)

Twin Tree Management LP acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,165 shares of the industrial products company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jensen Investment Management Inc. grew its stake in shares of Donaldson by 15.0% in the fourth quarter. Jensen Investment Management Inc. now owns 77,110 shares of the industrial products company’s stock worth $5,193,000 after acquiring an additional 10,070 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Donaldson by 55.2% in the fourth quarter. Picton Mahoney Asset Management now owns 7,552 shares of the industrial products company’s stock worth $508,000 after acquiring an additional 2,685 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Donaldson by 5.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 37,032 shares of the industrial products company’s stock worth $2,494,000 after acquiring an additional 1,959 shares during the period. Vestcor Inc grew its stake in shares of Donaldson by 181.6% in the fourth quarter. Vestcor Inc now owns 32,717 shares of the industrial products company’s stock worth $2,203,000 after acquiring an additional 21,097 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 353 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the business’s 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 transaction, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DCI. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Robert W. Baird boosted their target price 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, Morgan Stanley boosted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of NYSE:DCI opened at $68.95 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The company has a market capitalization of $8.24 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.82 and a beta of 1.04. The firm’s 50 day simple moving average is $69.55 and its two-hundred day simple moving average is $71.71.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Donaldson 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.