New Age Alpha Advisors LLC Purchases New Stake in Donaldson Company, Inc. (NYSE:DCI)

New Age Alpha Advisors LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,048 shares of the industrial products company’s stock, valued at approximately $1,216,000.

Several other hedge funds have also added to or reduced their stakes in DCI. Norges Bank purchased a new stake in shares of Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC purchased a new stake in Donaldson in the fourth quarter worth $61,697,000. Dudley & Shanley Inc. raised its stake in shares of Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares during the period. Swedbank AB purchased a new position in shares of Donaldson during the 4th quarter valued at $17,471,000. Finally, Raymond James Financial Inc. bought a new position in shares of Donaldson during the 4th quarter worth $13,865,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 2.5 %

Shares of NYSE DCI opened at $67.01 on Monday. 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 cap of $8.01 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The business has a 50-day simple moving average of $69.47 and a two-hundred day simple moving average of $71.59.

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

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Donaldson’s payout ratio is currently 31.58%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas R. Scalf sold 28,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. The trade was 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 worth $4,951,425. Corporate insiders own 2.70% of the company’s stock.

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.