2,980 Shares in Donaldson Company, Inc. (NYSE:DCI) Bought by Longboard Asset Management LP

Longboard Asset Management LP purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,980 shares of the industrial products company’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Donaldson by 359.2% during the 3rd 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 acquired a new position in Donaldson in the third quarter valued at approximately $41,000. V Square Quantitative Management LLC boosted its holdings in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after buying an additional 301 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Donaldson by 185.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 825 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Performance

DCI opened at $69.98 on Wednesday. Donaldson Company, Inc. has a 1-year low of $65.60 and a 1-year high of $78.95. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.86 and a beta of 1.06. The company’s fifty day moving average price is $70.55 and its two-hundred day moving average price is $72.54. 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 (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 analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.54%. Donaldson’s payout ratio is 31.40%.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on DCI shares. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 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’s stock. Based on data from MarketBeat, Donaldson has a consensus rating of “Hold” and an average price target 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.