Hillsdale Investment Management Inc. Purchases Shares of 11,300 Donaldson Company, Inc. $DCI

Hillsdale Investment Management Inc. purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,300 shares of the industrial products company’s stock, valued at approximately $925,000.

Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Donaldson by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after purchasing an additional 123,000 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Donaldson during the 3rd quarter worth about $3,068,000. First National Bank of Omaha acquired a new position in Donaldson in the 3rd quarter valued at about $483,000. Keybank National Association OH bought a new position in Donaldson in the 3rd quarter valued at about $3,320,000. Finally, Advisors Preferred LLC acquired a new stake in Donaldson during the second quarter worth approximately $372,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Activity

In related news, CFO Bradley J. Pogalz sold 566 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total value of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares of the company’s stock, valued at approximately $39,741.38. This represents a 56.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of Donaldson stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the transaction, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Robert W. Baird set a $110.00 price objective on Donaldson in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Jefferies Financial Group upped their price target on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.25.

Donaldson Price Performance

Shares of NYSE DCI opened at $106.71 on Tuesday. The company’s fifty day moving average is $99.40 and its two-hundred day moving average is $88.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15. The firm has a market capitalization of $12.31 billion, a P/E ratio of 33.24, a PEG ratio of 2.67 and a beta of 1.00. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. Analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.30 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. Donaldson’s dividend payout ratio (DPR) is currently 37.38%.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.