Caisse Des Depots ET Consignations Invests $1.60 Million in Donaldson Company, Inc. (NYSE:DCI)

Caisse Des Depots ET Consignations bought a new stake in Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 23,775 shares of the industrial products company’s stock, valued at approximately $1,601,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DCI. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC grew its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC raised its stake in Donaldson by 45.0% during 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 in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Donaldson during the fourth quarter valued at $91,000. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

DCI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Robert W. Baird lifted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley increased their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One equities 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. According to data from MarketBeat, Donaldson has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Price Performance

Shares of DCI stock opened at $68.82 on Friday. Donaldson Company, Inc. has a 1 year low of $65.10 and a 1 year 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 firm’s 50 day moving average is $69.55 and its 200-day moving average is $71.60. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.82 and a beta of 1.04.

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

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. Donaldson’s payout ratio is 31.58%.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction on Monday, March 17th. The shares were 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 of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of the 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 in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,000 shares of company stock valued at $4,951,425. 2.70% of the stock is currently owned by insiders.

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.