Versor Investments LP Purchases 8,870 Shares of Donaldson Company, Inc. $DCI

Versor Investments LP grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 298.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,839 shares of the industrial products company’s stock after buying an additional 8,870 shares during the period. Versor Investments LP’s holdings in Donaldson were worth $969,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. True Wealth Design LLC lifted its holdings in shares of Donaldson by 203.7% during the third quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 368 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Donaldson by 5,112.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 409 shares in the last quarter. NewSquare Capital LLC bought a new stake in Donaldson during the 2nd quarter valued at about $34,000. Finally, Hoese & Co LLP raised its holdings in Donaldson by 266.7% in the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock worth $46,000 after buying an additional 480 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of Donaldson 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 completion of the sale, the chief financial officer owned 434 shares in the company, valued at $39,741.38. The trade was a 56.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director directly owned 43,993 shares in the company, valued at approximately $4,049,115.72. This represents a 31.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Donaldson Stock Up 0.3%

Shares of NYSE DCI opened at $109.49 on Wednesday. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $109.88. The firm has a market capitalization of $12.63 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $96.36 and its 200-day moving average is $86.40.

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

Donaldson Announces Dividend

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