Apollon Wealth Management LLC Grows Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Apollon Wealth Management LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,482 shares of the industrial products company’s stock after buying an additional 2,636 shares during the quarter. Apollon Wealth Management LLC’s holdings in Donaldson were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 273 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Donaldson in the 3rd quarter valued at approximately $41,000. V Square Quantitative Management LLC grew its stake in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Donaldson by 38.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,066 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 571 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Up 0.4 %

Shares of NYSE DCI opened at $70.44 on Tuesday. The business has a 50-day moving average of $69.95 and a two-hundred day moving average of $72.46. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. Donaldson Company, Inc. has a 1 year low of $65.60 and a 1 year high of $78.95. 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 (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.27 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.53%. Donaldson’s dividend payout ratio is presently 31.40%.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the company’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 completion of the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird upped their target price on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average target price of $74.00.

Donaldson Company 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.