Dynamic Technology Lab Private Ltd Acquires 8,817 Shares of Donaldson Company, Inc. (NYSE:DCI)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 116.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,380 shares of the industrial products company’s stock after purchasing an additional 8,817 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Donaldson were worth $1,207,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of Donaldson in the 2nd quarter valued at $14,288,000. Jupiter Asset Management Ltd. boosted its stake in Donaldson by 91.4% during the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock worth $26,531,000 after acquiring an additional 177,078 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Donaldson by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,310,372 shares of the industrial products company’s stock worth $93,770,000 after purchasing an additional 153,342 shares during the period. Algert Global LLC raised its holdings in shares of Donaldson by 1,554.0% during the second quarter. Algert Global LLC now owns 146,346 shares of the industrial products company’s stock valued at $10,473,000 after purchasing an additional 137,498 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Donaldson by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 754,631 shares of the industrial products company’s stock worth $53,964,000 after purchasing an additional 117,874 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DCI shares. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Donaldson currently has an average rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. This represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,805 shares of company stock worth $12,310,222. Corporate insiders own 2.70% of the company’s stock.

Donaldson Trading Down 0.3 %

DCI opened at $78.06 on Wednesday. Donaldson Company, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $78.95. The firm has a market capitalization of $9.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company’s 50-day moving average is $74.57 and its 200 day moving average is $73.33.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, research analysts predict that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s payout ratio is currently 31.95%.

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.