Mariner LLC Purchases 5,285 Shares of Donaldson Company, Inc. (NYSE:DCI)

Mariner LLC boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,397 shares of the industrial products company’s stock after acquiring an additional 5,285 shares during the period. Mariner LLC’s holdings in Donaldson were worth $6,290,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Donaldson during the fourth quarter worth approximately $65,828,000. Scharf Investments LLC acquired a new position in Donaldson during the fourth quarter worth $61,697,000. Invesco Ltd. lifted its stake in shares of Donaldson by 24.7% in the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after buying an additional 299,302 shares in the last quarter. Dudley & Shanley Inc. grew its holdings in shares of Donaldson by 5,118.4% during 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 last quarter. Finally, Swedbank AB bought a new stake in shares of Donaldson during the fourth quarter worth about $17,471,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. 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, Donaldson currently has an average rating of “Hold” and a consensus target price of $71.33.

Donaldson Stock Performance

Shares of DCI opened at $62.76 on Friday. The stock has a 50 day moving average of $66.83 and a 200 day moving average of $70.50. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.82 and a beta of 1.01.

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 analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. Donaldson’s payout ratio is currently 31.58%.

Insider Buying and Selling

In other news, Director James Owens sold 18,700 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02 % decrease in their position. The transaction was disclosed in a legal 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 dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,700 shares of company stock valued at $5,164,799. 2.70% of the stock is owned by company insiders.

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.